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The following information has been provided by Hale Company: • Advertising expense $8,300; • Interest expense...

The following information has been provided by Hale Company: • Advertising expense $8,300; • Interest expense $3,300; • Rent expense for store $13,000; • Loss on sale of property and equipment $6,100; • Cost of goods sold $21,700; • Depreciation expense $7,500; • Prepaid insurance $1,400. How much were Hale’s total expenses in calculating operating income?

$59,900

$56,600

$43,000

$53,800

Business   Accounting   
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Answer #1
Expenses for calculating operating income
Advertising expense $            8,300
Rent expense for store $         13,000
Cost of goods sold $         21,700
Depreciation expense $            7,500
Loss on sale of property and equipment $            6,100
Total $         56,600
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