At a Sales Level of $300,000,James Company's Gross Margin Is

Multiple Choice

At a sales level of $300,000,James Company's gross margin is $15,000 less than its contribution margin,its net income is $50,000,and its selling and administrative expenses total $120,000.At this sales level,its contribution margin would be?

A) $155,000.
B) $170,000.
C) $185,000.
D) $250,000.