Consider the following transactions: 1. The company uses supplies purchased in the previous period, $1,500. 2. The company pays cash for rent in advance, $6,000, 3. The company repays a loan to the bank, $10,000 (ignore any interest cost). The amount of accrual-basis expense is while the amount of cash-basis expense is Multiple Choice $1,500, 56,000 O $5,000 $1.500 $1.500, $16.000 $6,000 $16.000