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3. Calvin's Candy Shop had prepaid rent of $45,000 and $73,000 at the end of 2021 and 2022, respectively. During 2022, the shop recorded
3. Calvin's Candy Shop had prepaid rent of $45,000 and $73,000 at the end of 2021 and 2022, respectively. During 2022, the shop recorded $196,000 in rent expense in its income statement. Cash outflows for rent in 2022 were: 45,000+ 196,000-73,000 168,000 34 Accounts
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