13. An analysis of Rafa Corp unadjusted prepaid expense account at December 31, year 2 revealed the following: An opening balance of $1,500 for Rafa's comprehensive insurance policy. Rafa had paid an annual premium of $3,000 on July 1, year 1. A $3,200 annual insurance premium payment made July 1, year 2. A $50,000 advance rental payment for a warehouse Rafa leased for one year beginning January 1, year 3. In its December 31, year 2 balance sheet, what amount should Rafa report as prepaid expenses