BCD Company had the following amounts in the Income Statement for the year ended December 31, 202X: Sales $820,000 Cost of Goods Sold $310,000 Other Income $40,000 Salaries $210,000 Advertising $40,000 Rent $100,000 Other Expenses $50,000 Flag question: Question 1 Question 10.5 pts The Gross Margin (or Gross Profit) is: Group of answer choices $410,000 $510,000 $70,000 $150,000