Genetic Incorporated started business on January 1, 2020. During 2020 , Genetic Incorporated had the following transactions: Collected $85,000 from customers for services to be performed in 2021 Service revenues: $240000 Declared dividends: $27000 Ending balance of retained earnings is $40000 What is the total expenses for 2020? Round your interim calculations and final answer to 2 decimal places. Do not include any dollar signs, percentage \% signs, commas, and/or spaces in your answer. Your answer should only include numbers. For negative numbers, use a negative sign before the number e.g. 1021.57 Do not use brackets for negative numbers and do not leave a space between the negative sign and the number. Answer: 27000(173000)