Required information Porter Company has provided the following data for the second quarter of the most recent year. Sales Fixed Manufacturing Overhead Direct Labour Fixed Selling Expenses Variable Manufacturing Overhead Variable Administrative Expenses Direct Materials Fixed Administrative Expenses Variable Selling Expenses $300,000 55,000 72,500 46,250 41, veel 48,000 51,500 44,500 49,750 Assume that direct labour is a variable cost and that there was no beginning or ending inventories. What was the gross margin(loss) for Porter Company for the second quarter? Multiple Choice ! Required information Multiple Choice O $80,000 O $135,000 O O $131,500 O O $(12,500)