South Coast Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2020 operations.

Sales (5,500 microwave ovens) Cost of goods sold Store manager's salary per year Operating costs per year Advertising and promotion per year Commissions (3.2% of sales) $5,500,000 962,500 150,000 220,000 18,960 176,000 What were the total fixed costs for 2020? O A. $1,138,500 O B. $1,527,460 O C. $370,000 OD. $388,960