of Artie Bucco recently closed his restaurant and joined the investment Bank of Quebec as a financial analyst. His job involves reclassifying the expenses reported on the Income Statement. Today, Bucco is assigned to process the Income Statement of Imaginary Company and is provided with the tabulated information. The accounting year of imaginary Company begins on January 1st and ends on December 31" of every year. No purchased items are set aside, every item purchased is being used immediately. With the information, Bucco suggests that the company's total operating expenses incurred in 2020 is $200 Imaginary Company Expenses incurred between Jan. 1" to Dec. 312021 Item Purchased Date Purchased Total Cost Expected Useful Life Ten Fountain Pens January 5th March 2nd 3 years $500 Ten Hand Sanitizer 4 months $200 April 4th Five boxes of Surgical Face Masks 6 months $250 July 15th One Area Cooler 5 years $1000 October 21" 24 Bottled Water 1 month $30 Q: Is Bucco's suggestion on Imaginary Company's total operating expenses in 2020 justifiable? Why