Tito Inc. had the following account balances:

	Sales revenue	$ 220,000
	Cost of goods sold	110,000
	Salaries and wages expense	20,000
	Depreciation expense	20,000
	Dividend revenue	6,000
	Utilities expense	12,000
	Rent revenue	30,000
	Interest expense	18,000
	Sales returns and allow.	16,500
	Advertising expense	19,500

What would Ortiz report as total expenses in a single-step income statement?