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NextGen Solutions has listed the following expenses for the year: Legal consultation fees: $1,700,000 Office space lease: $3,200,000 Interest on corporate bonds: $2,400,000 Loss on

NextGen Solutions has listed the following expenses for the year:

Legal consultation fees: $1,700,000

Office space lease: $3,200,000

Interest on corporate bonds: $2,400,000

Loss on discarded equipment: $450,000

Freight in: $1,450,000

Freight out: $1,950,000

Senior executive salaries: $2,200,000

Comprehensive insurance: $1,100,000

Sales personnel salaries: $2,900,000

R&D expenditures: $1,400,000

Advertising and marketing: $1,600,000

The office space is shared equally by the sales and administrative departments.

Requirements:

Calculate the amount to be classified as general and administrative expenses.

Determine the total expenses for sales and marketing.

Compute the total financial expenses.

Identify direct and indirect expenses from the given data.

Compute the overall total expenses for NextGen Solutions.

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