for the year ended december 31 2023 whispering ltd reported income before income taxes of 212300 prior to 2023 taxable income and accounting income was the same each year in 2023 whispering ltd paid 123900 for advertising of this amount 41300 was expensed in 2023For the year ended December 31, 2023, Blossom Ltd. reported income before income taxes of $212,200. Prior to 2023 taxable income and accounting income was the same each year. In 2023, Blossom Ltd. paid $113,700 for advertising; of this amount, $37,900 was expensed in 2023 . The remaining $75,800 was treated as a prepaid expense for accounting purposes and would be expensed equally over the 2024-2025 period