If the net operating income is $10,000, the gross margin is $40,000, and the cost of goods sold is $48,500, then the sales must be: Multiple Choice $127,000 $137,000. $98,500. $88.500 A merchandiser plans to sell 12,300 units next month at a selling price of $110 per unit. It also gathered the following cost estimates for next month: Cost Cost of goods sold Advertising expense Depreciation expense Shipping expense Administrative salaries Sales commissions Insurance expense Cost Formula $60 per unit sold $150,000 per month $70,000 per month $100,000 per month + $10 per unit sold $50,000 per month 5% of sales $15,000 per month What is the total estimated gross margin for next month? Multiple Choice $424,350 $465,000 $324350 Multiple Choice O $424,350 O $465,000 O $324,350 O $615,000