Below is some information from the financial statements of Rand Company. 12/31/2015 12/31/2014 Assets $180 million $220 million 80 million Liabilities 50 million During 2015, Rand issued $16 million of stock, earned revenues of $64 million, and declared and paid dividends of $4 million. What was the amount of total expenses that Rand recorded during fiscal year 2015? [ Select]