Assume DD. Company recorded the following adjusting journal entry at end of year 1: Rent expense 55,600 Prepaid rent $5,600 If the beginning balance in prepaid rent was $2,000, and $6,000 was paid for the year 2's rent during the year 1, what is the ending balance in the prepaid rent account at year 1 after the above adjusting entry? a $2.400 b. S(3.600) c. $1,000 od $1,600