Question: Find the entry you would make on an income statement for TOTAL OPERATING EXPENSES for the year ended December 3 1 , 2 0 1

Find the entry you would make on an income statement for TOTAL OPERATING EXPENSES for the year ended December 31,2011:
Gross Sales, $141,000; Sales Returns and Allowances, $7,600; Sales Discounts, $9,200; Merchandise Inventory, January 1,2011, $50,700; Merchandise Inventory, December 31,2011, $42,400; Net Purchases, $62,100; Freight In, $1,000; Salaries, $80,400; Rent, $18,900; Utilities, $1,225; Insurance, $2,350; and Income Tax, $17,400.

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