A company reported revenues of

$382,000

, cost of goods sold of

$125,000

, selling expenses of

$16,000

, and total operating costs of

$74,000

. Gross margin for the year is:\

$241,000

\

$257,000

\

$167,000

\

$292,000

A company reported revenues of $382,000, cost of goods sold of $125,000, selling expenses of $16,000, and total operating costs of $74,000. Gross margin for the year is: $241,000 $257,000 $167,000 $292,000