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Horizon Technologies Inc. provided the following financial data for the year: Legal and accounting fees: $1,800,000 Office lease: $3,000,000 Interest on long-term loans: $2,500,000 Loss

Horizon Technologies Inc. provided the following financial data for the year:

Legal and accounting fees: $1,800,000

Office lease: $3,000,000

Interest on long-term loans: $2,500,000

Loss on disposal of fixed assets: $450,000

Freight in: $1,600,000

Freight out: $1,900,000

CEO and CFO salaries: $2,000,000

Comprehensive insurance: $950,000

Sales commission: $2,500,000

Research and development costs: $1,600,000

Advertising expenses: $1,700,000

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

Requirements:

Calculate the total general and administrative expenses.

Determine the total sales and marketing expenses.

Compute the total research and development expenses.

Identify non-operating expenses.

Calculate the overall total expenses for Horizon Technologies Inc.

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