A company has net sales of $825,000 and cost of goods sold of $547,000. Its net income is $98,500. The company's gross margin and operating expenses, respectively, are:
A. $209,000 and $191,470.
B. $645,500 and $179,500.
C. $179,500 and $98,500.
D. $278,000 and $98,500.
E. $278,000 and $179,500.
Answer: E
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