Omega Company has sales of $$306,000$ and cost of goods sold of $$203,000.$ The cost of goods sold is a variable cost. The Company incurred $$23,000$ of fixed operating expenses and $$41,500$ of variable operating expenses. Based on this information

A$.)$ the company's gross margin is $$103,000,$ while its contribution margin is $$61,500.$

B$.)$ the company's gross margin is $$61,500,$ while its contribution margin is $$103,000.$

C$.)$ net income is $$103,000$ under the gross margin format and $$38,500$ under the contribution margin format.

D$.)$ net income is $$38,500$ under the gross margin format and $$103,000$ under the contribution margin format.