In March of the current year, Mooney Company estimated its year-end executive bonuses to be $1,150,000. The executive bonus paid in the previous year was $1,025,000. What amount of bonus expense, if any, should Mooney recognize in determining net income for the first quarter of the current calendar year? ofbonus curent calendar ze in determining net income Multiple Choice $0. $1,150,000. $256,250. $287,500