Question Completion Status: A Moving to another question will save this response. Question 9 The Layden Company reported . revenues of $382,000 cost of goods sold of $125,000 selling expenses of $16,000 total operating costs of $74,000 . Gross margin for the year is: Blank Excel File - use as calculator or scratch paper.xlsx O A $167.000 OB. $241,000 OC. $257,000 D. $292,000 Moving to another question will save this response A Moving to another question will save this response. Question 10 Distinguish between operating income and net income. A. Operating income includes operating costs in its calculation, whereas, net income does not 3. Net income takes into account income taxes, whereas, operating income does not take income taxes into account O C Net income includes cost of goods sold in its calculation, whereas operating income does not OD. Operating income takes into account income taxes, whereas net income does not take income taxes into account. Moving to another question will save this response