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28. On December 31, the balance in the Prepaid Advertising account was $176,000. This s of a twelve-month advertising campaign purchased on August 31 h te current year. Assuming the cost is spread equally over each month how much dia is advertising campaign cost in total? A. $286,000 B. $176,000 C. $264,000 D. $154,000 E. $22,000 29. The following information is available for the Travis Travel Agency. After the closing entries have been journalized and posted, what will be the balance in the Retained Earnings account? Total revenues Total Expenses Retained earnings Dividends 125,000 60,000 80,000 15,000 .$65,000 . $80,000 . $130,000 . $145,000 $280,000 .The Retained Earnings account has a credit balance of $17,000 before closing entri made. If total revenues for the period are $55,200, total expenses are $39,800 and are $9,000, what is the ending balance in the Retained Earnings account after allc entries are made? $8,000 $15,400 $23,400 $17,000 32,400 erchandise inventory reported on the balance sheet as a current asset eo mnany owns and intends to sell