1. Monaco & Associates Use the following five transactions for Monaco & Associates to answer the following question.

   Oct. 1		Bills are sent to clients for services provided in September in the amount of $800.
   9		Dravo Co. delivers office furniture ($1,060) and office supplies ($160) to Monaco leaving an invoice for $1,220.
   15		Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9.
   23		A bill for $430 for electricity for the month of September is received and will be paid on its due date in November.
   31		Salaries of $850 are paid to employees.

   See the transactions for Monaco & Associates. Based only on these transactions, what is the total amount of expenses that should appear on the income statement for the month of October?

   a.$430

   b.$850

   c.$1,440

   d.$1,280