G26y-03 Company began operations in 2022. During 2022, GZ6y-03 Company recorded the following transactions: 1. On May 1, G26y-03 Company sold common stock to owners for $233,500 cash. 2. On June 1, GZ6y-03 Company borrowed $178,900 from the local bank on an 11-month, 12% note payable. 3. On August 1, G26y-03 Company paid $36,000 cash to purchase inventory. 4. On September 1, G26y-03 Company purchased a one-year insurance policy costing $30,360. During 2023, G26y-03 Company entered into the following transactions: 1. on March 1, GZ6y-03 Company sold one-half of the inventory that was purchased on August 1, 2022 for $63,680 cash. 2 d On May 1, GZ6y-03 Company paid its stockholders a $28,290 dividen 3 on September 1, 626y-03 company paid $31,320 to renew its insugar ce policy for another one year Calculate the amount of total expenses reported on Gzby 03 Companys 2023 income statement