The following selected accounts and their adjusted balances appear in the ledger of Fernandez Co. at the end of its fiscal year: Line Item DescriptionAmount Cash$250,000 Accounts Receivable1,197,000 Inventory1,790,000 Estimated Returns Inventory23,500 Office Supplies14,000 Prepaid Insurance8,500 Office Equipment870,000 Accum. Depr.-Office Equip.580,000 Store Equipment2,600,000 Accum. Depr.-Store Equip.820,000 Accounts Payable336,000 Customer Refunds Payable39,000 Salaries Payable43,000 Notes Payable (long-term)200,000 Common Stock600,000 Retained Earnings2,850,000 Dividends50,000 Sales9,350,000 Cost of Goods Sold5,840,000 Sales Salaries Expense820,000 Advertising Expense350,000 Depr. Exp.-Store Equip.120,000 Miscellaneous Selling Expense58,000 Office Salaries Expense550,000 Rent Expense104,000 Depr. Exp.-Office Equip.60,000 Insurance Expense50,000 Office Supplies Expense26,000 Miscellaneous Admin. Exp.12,000 Interest Expense25,000 What are total operating expenses for Fernandez Co.
