During its first year of operations, Silverman Company paid $11,065 for direct materials and $11,200,for production workers' wages. Lease payments and utities on the production facitities amounted to $10,200 white generat, selting, and administrative expenses totated $3,300 The company produced 7,550 units and sold 4.700 units at a price of $6.80 a unit. What is the amount of gross margin for the first year? $31,960 $9,695 $12,255 $11,750