Listed below are several transactions that took place during the second and third year of operations for RPG consulting Year 2 350,000 260,000 Year 3 450,000 400,000 Amount billed to customers for services rendered Cash collected from customers Cash disbursements: Payment of rent Salaries paid Travel and entertainment Advertising 80,000 140,000 30,000 15,000 0 160,000 40,000 30,000 In addition, you learn that the company incurred advertising expenses of $10,000 in year 2, owed the advertising agency $25,000 at the end of year 1, and $5,000 at the end of year 3. Required: What is the reported advertising expense in year 3? None of the above $20,000 $10,000 $0 $15,000