Mormino Corporation's income statement appears below: Income Statement Sales (all on account).. $1,240,000 Cost of goods sold. 730,000 Gross Margin. 510,000 Operating Expenses. 450,462 Net operating income 59,538 Interest expense 18,000 Net income before taxes. 41,538 Income taxes (35%). 14,538 Net income $27,000 What percentage is the company's gross margin percentage closest to? A. 41.1% B. 69.9% C. 1888.9% D. 5.3%