An analysis of Thrift Corp.'s unadjusted prepaid expense account at December 31, Year 4, revealed the following: Thrift had an opening balance of $1,500 for its comprehensive insurance policy. Thrift had paid an annual premium of $3,000 on July 1, Year 3. A $3,200 annual insurance premium payment made July 1, Year 4 was unadjusted. A $2,000 advance rental payment for a warehouse Thrift leased for one year beginning January 1, Year 5 was included. In its December 31, Year 4, Balance Sheet, what amount should Thrift report as prepaid expenses? $2,000 $3,600 $5,200 $1,600