Question - Company separates operating expenses in two categories: 1) selling and 2) general & administrative. The adjusted trial balance at December 31, 2014 included the following expenses and loss accounts:
Interest....$140,000
Advertising....300,000
Freight-out....160,000
Product Development...240,000
Loss on sale of long-term investment...60,000
Officers' salaries....450,000
Rent for office space....440,000
Sales salaries and commissions....280,000
One half of the rented premises are occupied by the sales department. What are the total selling expenses for 2014?