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What amount of the items should be classified as general

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The following items were among those that were reported on Dye Co.'s income statement for the year ended December 31, 2020:

Legal and audit fees 130,000
Rent for office space 180,000
Interest on inventory floor plan 210,000
Loss on abandoned equipment used in operations 35,000

Problem 1: The office space is used equally by Dye's sales and accounting departments. What amount of the above-listed items should be classified as general and administrative expenses in Dye's income statement?

a. 220,000
b. 255,000
c. 310,000
d. 430,000

Reference no: EM132819102

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