AJ December 31, year 2.Cobb Company had a $695,000 balance in its advertising expense account before any yearend adjustments relating to the following: Included in the $695,000 is $80,000 for printing sales catalogs for a January year 3 sales promotional campaign Television advertising spots telecast during December year 2 were billed to Cobbon January 2 year 3. The invoice cost of $45,000 Cobb's advertising expense for the year ended December 31, year 2 should be $660,000 $570,000 $740,000 $615,000