a)$0 b)$250,000 c)$275,000 d)$1,100,000

In March of the current year, Mooney Company estimated its year-end executive bonuses to be $1,100,000. The executive bonus paid in the previous year was $1,000,000. What amount of bonus expense, if any, should Mooney recognize in determining net income for the first quarter of the current calendar year