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Omega Pharmaceuticals Inc. reported the following for the year: Legal and professional fees: $1,900,000 Rent for office and labs: $2,700,000 Interest on bank loans: $2,200,000

Omega Pharmaceuticals Inc. reported the following for the year:

Legal and professional fees: $1,900,000

Rent for office and labs: $2,700,000

Interest on bank loans: $2,200,000

Loss on write-off of obsolete inventory: $350,000

Freight in: $1,600,000

Freight out: $1,850,000

Executive compensation: $2,300,000

Health and safety insurance: $1,000,000

Sales representatives' salaries: $2,600,000

Research expenses: $1,400,000

Promotional activities: $1,500,000

The office space is used equally by sales and research departments.

Requirements:

Compute the amount classified as general and administrative expenses.

Determine the total sales and marketing expenses.

Calculate the total financial and interest-related expenses.

Identify and compute the total research-related expenses.

Calculate the overall total expenses incurred by Omega Pharmaceuticals.

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