How much is the total expenses reported on the Income Statement for the year ending December 31, 20- Account Title Balance Account Title Balance Accounting Fees Cash 20,000 45,000 Earned Rent Expense Accounts Receivable 12,500 18,500 Office Rent Expense - Office Supplies 500 4,000 Equipment Prepaid Rent 3,750 Insurance expense 3,750 Prepaid Insurance 1,250 Supplies Expense 3,000 Accounts Payable 1,200 Utilities Expense 6,000 Capital, C. Moore 63,050 Drawing, C. Moore 36,000 A) 35,250 B) 71,250 C) 72,450 D) 36,000