X Company plans to prepare annual financial statements. After the company's first year of operation, the following financial statement information is available:

Balance Sheet
Total assets	$14,278
Total liabilities	6,452
Total Paid-In Capital	4,157
Income Statement
Total revenue	$20,335

What were total expenses for the year?

A: $12,531

B: $16,666

C: $22,166

D: $29,480

E: $39,209

F: $52,148

G: $69,357

H: $92,245