A Company Reported Revenues of $375,000,cost of Goods Sold of $118,000,selling

A company reported revenues of $375,000,cost of goods sold of $118,000,selling expenses of $11,000,and total operating costs of $70,000.Gross margin for the year is ________.

A) $257,000
B) $246,000
C) $176,000
D) $252,000