Cardinal Company paid $4500 for one year's rent in advance beginning on October 1, 2018. Cardinal's 2018 income statement would report rent expense of $750 $1125 $4275 $4500 Using the information below, what are total expenses for December? Issued stock for $130,000 Borrowed $50,000 from the bank Received $10,000 for services performed in December. Received $6,000 for services performed in November. Issued a bill to a client for $5,000 for services performed in December Received a deposit of $1,000 for work to be performed in January Paid $20,000 cash for a new computer system. Purchased supplies on account for $8,000. All of the supplies were used in December. Paid employees $12,000 for work in December. Paid $4,000 on account for supplies. Received, but did not pay, a utility bill for $3,000 for December