Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answers to the questions. The Orange Lily Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $120 for six months of advertising. Orange Lily Law Firm recorded $120 in the Prepaid Advertising account. Accrual basis If Orange Lily Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28? Enter this value as a positive number