Calculate the operating expenses.

ABC Company included the following information in its annual report: Sales Cost of goods sold Operating expenses Operating income Year 20X3 $178,400 115,000 50,000 13,400 Year 20X2 162,500 102,500 50,000 10,000 Year 20X1 In common-size income statement for 20X3, the operating expenses are expressed as: 155,500 100,000 45,000 10,500