The accounting records of Slattery Corporation, a small manufacturing company, show the following balances for the fiscal year ending December 31, 2019: Sales revenue $3,425,000 Selling expense $782,000 Research and 96,400 Gain on sale of bonds 20,300 development Interest income 18,400 Cost of goods sold 1,611,000 General and Restructuring costs 112,000 585,700 administrative expense Interest expense 32,000 The restructuring costs were incurred as a result of one-time changes in raw materials management. Slattery prepares multiple- step income statements. Use 25% as the tax rate. Operating expenses for Slattery Corporation totaled _in 2019. $1,367,700 O $1,496,100 O $1,464,100 $1,608,100