Jennifer Bosh started her company in the town where she has lived for many years and named it Bosh Company. Her company pays all salaried employees on a biweekly basis. However, overtime pay, is paid in the next biweekly period. Bosh accrues salaries expense only at its December 31 year end. Data relating to salaries earned in December 2020 are as follows:

The last payroll was paid on 12/26/20, for the 2-week period ended 12/26/20.

Overtime pay earned in the 2 week period ended 12/26/20 was $25,000

Remaining work days in 2020 were December 29, 30, 31, on which days there was no overtime.

The recurring biweekly salaries total $450,000

Assuming a five day workweek, Bosh should record a liability at December 31, 2020 for accrued salaries of what amount?

A. $270,000

B. $135,000

C. $160,000

D. $295,000

*Please clearly show how you came to your answer and show your work. Thank you