Account for rent expense. (LO 1, 3)

BNP Company started the year with \(\$ 3,000\) of prepaid rent, \(\$ 15,000\) of cash, and \(\$ 18,000\) of common stock. During the year, BNP paid additional rent in advance amounting to \(\$ 10,000\). The rent expense for the year was \(\$ 12,000\). What was the balance in prepaid rent on the year-end balance sheet?