Question 5 0/1 point At a sales level of $300,000, James Company's gross margin is $15,000 less than its contribution margin, its operating income is S$50,000, and its total selling and administrative expenses are $120,000. At this sales level, what is the company's contribution margin? $250,000. $155,000. $185,000. $170,000.

At a sales level of $300,000. James Company's gross margin is $15,000 less than its coutribution margin, its operating income is $50,000. and its total selling and administrative expenses are $120,000. At this sales level, what is the company's contribution margin? $250,000 $155,000. $185,000. $170,000