Use the following to answer questions 15-16 On December 1st, the company pays a local radio station $200,000 for 4 months of radio ads that are to be aired equally throughout December through March. Prepaid Advertising was debited on December 1st and no other entries regarding this transaction were made since then. 15. $ After the adjusting entry has been recorded on December 31, determine the amount of advertising expense for the year ended December 31. 16. $ After the adjusting entry has been recorded on December 31, determine the ending balance in the prepaid advertising account that should be recorded on the December 31 Balance Sheet. Use the following transactions to answer questions 17-19 Determine the amount of revenue or expense that would be reported at the time of the transaction under the two methods. An example transaction has been completed for you. Example: Purchased office supplies for cash, $440 example 17. Transaction Purchased office supplies for cash, $440 (no accrued expense, hasn't been used yet....cash flowed for the operating cost so it's a cash expense) Receive $2,000 from customers for services the company will provide later. Accrual-basis Cash-basis Revenue Expense Revenue Expense $0 $0 $0 $440 18. Borrow $100,000 from the bank. 19. Paid $1,500 for advertising to appear in the current month's newspaper.