HelpSave EX On October 1, Year 1, Jason Company paid $5,700 to lease office space for one year beginning immediately. What is the amount of rent expense that will be reported on the Year 1 income statement and what is the cash outflow for rent that would be reported on the Year 1 statement of cash flows? Multiple Choice O $950, 55,700 $1,425 $5,700 O O $5.700.85,700 O o $1.425, $1,425