Sam Company Reported the Following Amounts on Its Income Statement $\begin{array}{lr}\text { Net income } & 100,000 \\\text { Cost of goods sold } & 400,000 \\\text { Gross margin } & 200,000\end{array}$

Sam Company reported the following amounts on its income statement:
$\begin{array}{lr}\text { Net income } & 100,000 \\\text { Cost of goods sold } & 400,000 \\\text { Gross margin } & 200,000\end{array}$
Based on the information provided,what was the amount of sales reported on the income statement?

A) $700,000
B) $600,000
C) $300,000
D) $200,000