On January $1,2023,$ Ayayai signed an agreement to operate as a franchisee of Copy On January $1,2023,$ Ayayai signed an agreement to operate as a franchisee of Copy

Service Inc., for an initial franchise fee of $$75,000.$ Of this amount, $$38,000$ was paid when

the agreement was signed and the balance is payable in four annual payments of $$9,250$

each, beginning January $1,2024.$ The agreement states that the down payment is not

refundable and no future services are required of the franchisor. The present value at

January $1,2023,$ of the four annual payments discounted at $7\%($the implicit rate for a loan

of this type$)$ is $$31,332.$ The agreement also states that $4\%$ of the franchisee's revenue

must be paid to the franchisor each year. The franchisor requires that Ayayai provide it

with some form of assurance verifying the revenue amount used to determine the $4\%$

payment. Ayayai's revenue from the franchise for $2023$ was $$750,000.$ Ayayai estimates

that the franchise's useful life will be $10$ years.

Ayayai incurred $$45,000$ in experimental costs in its laboratory to develop a patent, and

the patent was granted on January $2,2023.$ Legal fees and other costs of patent

registration totalled $$13,500.$ Ayayai estimates that the useful life of the patent will be $4$

years.

A trademark was purchased from Shanghai Company for $$28,400$ on July $1,2020.$ The

legal costs to successfully defend the trademark totalled $$8,160$ and were paid on July $1,$

Ayayai estimates that the trademark's useful life will be $16$ years from the

acquisition date.

Service Inc., for an initial franchise fee of $$75,000.$ Of this amount, $$38,000$ was paid when

the agreement was signed and the balance is payable in four annual payments of $$9,250$

each, beginning January $1,2024.$ The agreement states that the down payment is not

refundable and no future services are required of the franchisor. The present value at

January $1,2023,$ of the four annual payments discounted at $7\%($the implicit rate for a loan

of this type$)$ is $$31,332.$ The agreement also states that $4\%$ of the franchisee's revenue

must be paid to the franchisor each year. The franchisor requires that Ayayai provide it

with some form of assurance verifying the revenue amount used to determine the $4\%$

payment. Ayayai's revenue from the franchise for $2023$ was $$750,000.$ Ayayai estimates

that the franchise's useful life will be $10$ years.

Ayayai incurred $$45,000$ in experimental costs in its laboratory to develop a patent, and

the patent was granted on January $2,2023.$ Legal fees and other costs of patent

registration totalled $$13,500.$ Ayayai estimates that the useful life of the patent will be $4$

years.

A trademark was purchased from Shanghai Company for $$28,400$ on July $1,2020.$ The

legal costs to successfully defend the trademark totalled $$8,160$ and were paid on July $1,$

Ayayai estimates that the trademark's useful life will be $16$ years from the

acquisition date.Compute the total amount of expenses resulting from the transactions that would appear on

Ayayai's income statement for the year ended December $31,2023.($Round answer to $0$ decimal

places, e$.$g$.5,275.)$

Total expenses from transactions