An analysis of Thrift Corp.'s unadjusted prepaid expense account at December 31, 20x1, revealed the following: An opening balance of $ 1835 for Thrift's comprehensive insurance policy. Thrift had paid an annual premium of $ 3670 on July 1, 20x0 A $ 2333 annual insurance premium payment made July 1, 20x1 A $ 2764 advance rental payment for a warehouse Thrift leased for one year beginning January 1, 20x2 In its December 31, 20x1 statement of financial position, what amount should Thrift report as prepaid expenses? Select one: a. $ 1166 b. $ 5097 c. $ 2764 d. $ 3930