1 Q1. On January 1, 2022, the Prepaid Rent account of Guerrero Rocher Company had a zero beginning balance. On Mar. 28, Guerrero paid $24,000 cash for a one-year rent contract that starts on Apr. 1. On December 31, 2022, the balance in Prepaid Rent is: $0 $6,000 $12,000 $18,000 QUESTION 2 Q2. Guerrero Rocher Company uses periodic inventory system. The company was holding $7,000 merchandise inventory on January 1, 2022. During 2022, Beatkoin purchased $89,000 merchandise inventory. On December 31, 2022, a physical count found the balance of merchandise inventory at $13,0 00. What amount of cost of goods sold will be recorded on Dec. 31, 2021? $83,000 $89,000 $95,000 $101,000