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Finnish Motors has the following balance sheet accounts: Land $150,000 Equipment 90,000 Salaries Payable 12,000 Notes Payable 99,000 Supplies 10,000 Cash 25,000 Common Stock 40,000

Finnish Motors has the following balance sheet accounts:

Land $150,000
Equipment 90,000
Salaries Payable 12,000
Notes Payable 99,000
Supplies 10,000
Cash 25,000
Common Stock 40,000
Retained Earnings 100,000
Accounts Payable ?
Prepaid Rent ?

If the company has total liabilities and stockholders' equity of $290,000, what is the balance of the company's Prepaid Rent account?

$15,000.

$25,000.

$12,000.

$39,000.

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