The following information has been provided by Hale Company: Advertising expense $8,600; Interest expense $3,600; Rent expense for store $16,000; Loss on sale of property and equipment $6,400; Cost of goods sold $22,000; Depreciation expense $7,800; Prepaid insurance $1,700. How much were Hales total expenses in calculating operating income?

Multiple Choice

• $58,000

• $60,800

• $64,400

• $46,600