Blackfly Ltd. had an outstanding current liability for unpaid labour at the start of year 2007 of $10,000. During the year the company paid $300,000 for direct labour. At the end of the year the company still owed a $2,000 performance bonus to one employee. The amount the company would report as labour expense for 2007 is * $312,000 $302,000 $300,000 $292,000 none of the above