10 On July 1, 2020, Rents-A-Lot Inc. paid $96,000 for 24 months of rent on their warehouse. On December 31, 2021, what would be the amount of rent expense in the 2021 financial statements for Rents-A-lot under both the cash-basis and accrual-basis accounting? 02:51:04 Multiple Choice Cash-basis = $0; Accrual-basis = $24,000. Cash-basis = $0; Accrual-basis = $48,000. O Cash-basis = $96,000; Accrual-basis = $24,000. Cash-basis = $36,000; Accrual-basis = $36,000