Brad operates a storage business on the accrual method. On July 1. Brad pald $48,000 for rent on his storage warehouse and $18,000 for Insurance on the contents of the warehouse. The rent and insurance cover the next 12 months What Is Brad's deduction for the rent and Insurance? Multiple Choice O $48,000 for the rent and $18,000 for the insurance o O O $24,000 for the rent and $18,000 for the Insurance $24,000 for the rent and $9,000 for the insurance O $48.000 for the rent and $9,000 for the insurance O None of the choices are correct