Pride's contribution margin income statement is as follows:

Sales (10,000 units) $180,000

Less variable COGS (45,000)

Less variable selling cost (10,000)

Contribution margin $125,000

Less fixed COGS (24,000)

Less fixed selling cost (14,000)

Net income $87,000

What GROSS MARGIN would appear on a TRADITIONAL income statement?

$87,000

$101,000

$125,000

$111,000