Kent Co$.\text{'}$s advertising expense account had a balance of $$292,500$ at December $31,20$X$3,$ before any necessary year$-$end adjustment

relating to the following:

Included in the $$292,500$ is the $$30,000$ cost of printing catalogs for a sales promotional campaign in January $204.$

Radio advertising spots broadcast during December $20$X$3$ were billed to Kent on January $2,20$X$4.$ Kent paid the $$17,500$

invoice on January $11,20$X$4.$

What amount should Kent report as advertising expense in its Income Statement for the year ended December $31,20$X$3?$

$$310,000$

$$262,500$

$$280,000$

$$245,000$