Hermosa Cameras, Inc., a publicly traded company, is preparing its interim report for the third quarter of the year. (Hermosas year end is December 31.) Determine the total expense reported for the quarter related to the following costs:

Annual insurance premium paid July 1	$240,000
Depreciation on van purchased at end of second quarter (3 year life, no salvage value, straight-line depreciation method)	$36,000 purchase price
Bonuses based on third quarter revenues paid to sales staff on October 15	$75,000
Bonus based on second quarter earnings paid to general manager on July 31	$35,000

Select one:

a. $138,000

b. $56,000

c. $98,000

d. $386,000

e. $275,000