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Bright Future Inc. reported the following financial data for the current year: Legal and accounting fees: $1,500,000 Office rent: $3,100,000 Interest on long-term debt: $2,300,000

Bright Future Inc. reported the following financial data for the current year:

Legal and accounting fees: $1,500,000

Office rent: $3,100,000

Interest on long-term debt: $2,300,000

Loss on sale of fixed assets: $400,000

Freight in: $1,600,000

Freight out: $1,800,000

CEO and CFO salaries: $2,000,000

Business insurance: $900,000

Sales commission: $2,500,000

Research and development costs: $1,500,000

Marketing expenses: $1,700,000

The office space is utilized equally by the sales and finance departments.

Requirements:

Compute the total general and administrative expenses.

Determine the total amount for sales and marketing expenses.

Calculate the total R&D expenses.

Identify and compute the non-operating expenses.

Calculate the overall total expenses for Bright Future Inc.

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