The following information has been provided by Hale Company: Advertising expense $9,000; Interest expense $4,000; Rent expense for store $11,000; Loss on sale of property and equipment $6,800; Cost of goods sold $22,400; Depreciation expense $8,200; Prepaid insurance $1,000. How much were Hales total expenses in calculating operating income?

Multiple Choice

• $42,400

• $61,400

• $57,400

• $54,600