At a sales level of $300,000, James Company's gross margin is $15,000 less than its contribution margin, its net income is $50,000, and its selling and administrative expenses total $120,000. At this sales level, its contribution margin would be? Multiple Choice $155,000 $170,000 $185.000 $250,000 A company has provided the following data: Sales Sales price Variable cost Fixed cost 3,000 units $70 per unit $50 per unit $25,000 If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors remain the same, net income will: Multiple Choice increase by $61.000 increase by $20,000 Increase by $3.500