On December 31,the Balance in the Prepaid Advertising Account Was

Multiple Choice

On December 31,the balance in the Prepaid Advertising account was $176,000,which is the remaining balance of a twelve-month advertising campaign purchased on August 31 in the current year.Assuming the cost is spread equally over each month how much did this advertising campaign cost in total?

A) $286,000
B) $176,000
C) $264,000
D) $154,000
E) $22,000