Reid Company acquires copyrights from authors, paying advance royalties in some cases, and in others, paying royalties within $30$ days of year$-$end. The following are included in the December $31$ financial statements.

Cash outflow from royalties for the year ended December $31,2022400,000$

$20212022$

Prepaid royalties $30,00035,000$

Royalties payable $25,00034,000$

Required: What was royalty expense for the year?