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 _____.

Group of answer choices

$6,000; $16,000

$1,500; 16,000

$6,000; 11,500

$1,500; $6,000