An employee worked the entire year of 2022 and earned a year-end bonus equivalent to 80 hours multiplied by the employee's rate of pay at December 31, 2022. At December 31, 2022 the employee's pay rate was $15. Assuming the company uses the accrual method of accounting, Calculate the amount that will be reported on the 2023 income statement as an expense for the bonus paid in 2023?