Insufficient data to determine total expenses Steps:

• Markup of 100% implies cost of goods sold = revenue / 2 = $98,200 / 2 =$49,100.
• Discount received ($1,035) reduces cost of purchases or is other income, yielding net cost of ~$48,065 if applied to COGS.
• Total expenses typically include COGS plus operating expenses, but no data on operating costs, net profit, or other items.
• Cannot compute total without additional information like net profit or breakdown of costs.

Why B is correct:

• Not applicable; no valid calculation reaches $16,785 with given data.

Why the others are wrong:

• A: No basis for $14,625 (e.g., not 98,200 - 2× discount).
• C: No basis for $4,725 (e.g., not discount × 4.5 or similar error).
• D: No basis for $8,085 (e.g., not revenue / 12).

Not enough information. Final answer: Not enough information.