Consider the following independent situations for Island View Click the icon to view the indipendent situations.) a. Island View had a January 1, 2024 beginning balance in its Prepaid Rent account of $1,600. During the year the company made payments for prepaid rent of $1,300. At the end of the year, December 31, 2024, the balance in the Prepaid Rent account was $1,200. What was the amount of rent expense for the year? Rent expense for the year