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On its December 31, 2020 balance sheet, Coastal Corp. reported prepaid advertising of $14,000,000. During 2021, Coastal paid $28,000,000 for advertising and reported $26,000,000 as

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On its December 31, 2020 balance sheet, Coastal Corp. reported prepaid advertising of $14,000,000. During 2021, Coastal paid $28,000,000 for advertising and reported $26,000,000 as advertising expense. What will Coastal report as prepaid advertising on its December 31, 2021 balance sheet? O $14,000,000 O $12,000,000 $2,000,000 $16,000,000

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