Question 27 of 50

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Carla Vista Co. reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020, included the following expense accounts:

Accounting and legal fees	$421000
Advertising	364000
Freight-out	225500
Interest	174100
Loss on sale of long-term investments	89600
Officers' salaries	541000
Rent for office space	540000
Sales salaries and commissions	404000

One-half of the rented premises is occupied by the sales department. How much of the expenses listed above should be included in Carla Vista's selling expenses for 2020?

$1038000.

$993500.

$1263500.

$768000.