Use the following to answer questions 15-16 On November 1st, the company pays a local radio station $15,000 for 3 months of radio ads that are to be aired equally throughout November through January. Prepaid Advertising was debited on November 1 st and no other entries regarding this transaction were made since then. 15. 5 After the adjusting entry has been recorded on December 31s1, determine the amount of advertising expense for the year ended December 31 ot. 16. $ After the adjusting entry has been recorded on December 31st, determine the ending balance in the prepaid advertising account that should be recorded on the December 31 Balance Sheet