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	$14,763
Total liabilities	8,726
Total Paid-In Capital	4,056
Income Statement
Total revenue	$20,257

What were total expenses for the year?

A: $7,486

B: $9,357

C: $11,697

D: $14,621

E: $18,276

F: $22,845