Final answer:
In a single-step income statement, total expenses for Ortiz Co. would be $221,500.
Step-by-step explanation:
In a single-step income statement, total expenses are reported by summing up all the different expense categories. From the given information, the total expenses for Ortiz Co. would be:
Sales Returns and Allowances: $16,500
Cost of Goods Sold: $110,000
Salary and Wages Expense: $15,000
Depreciation Expense: $30,000
Utilities Expense: $12,000
Interest Expense: $18,000
Advertising Expense: $19,000
So, the total expenses would be $221,500, which is option (a).