The following expenses were among those incurred by Sayre Company during year 1.

Accounting and legal fees$160,000Interest60,000Loss on sale of office equipment25,000Rent for office space200,000

One-quarter of the rented premises is occupied by the sales department. How much of the expenses listed above should be included in Sayre's general and administrative expenses for year 1?

$335,000

$360,000

$370,000

$310,000