In year $1,$ Chain, Inc. purchased a $$1,000,000$ life insurance policy on its president, of which Chain is the beneficiary. Information regarding the policy for the year ended December $31,$ year $4,$ follows:

Cash surrender value, $1/1/$Y$4$ $ $87,000$

Cash surrender value, $12/31/$Y$4108,000$

Annual advance premium paid $1/1/$Y$440,000$

During year $4,$ dividends of $$6,000$ were applied to increase the cash surrender value of the policy. What amount should Chain report as life insurance expense for year $4?$

A$)$$$40,000$

B$)$$$25,000$

C$)$$$19,000$

D$)$$$13,000$