Hi there, can you please answer questions 5-7. they very short questions :).

Also, the circled answers may or may not be correct.

5. Determine the cash payments made for rent based on the following information: Prepaid rent Balance, beginning of the period $3,000 Balance, end of the period 2,500 Assume that $5,000 of rent expired during the period and that all rent payments were made in cash. a. $5,500 b. $5,000 $4,500 . $7,500 6. On January 1, 2016 the Ultamira Safe Company paid $100 for a five year insurance policy. The company should report which of the following sets of account balances on its December 31, 2018 financial statements? a. Balance Sheet Prepaid insurance $100; Prepaid insurance $60; Prepaid insurance $40; Prepaid insurance $40; Income Statement Insurance expense $100 Insurance expense $20 Insurance expense $20 Insurance expense $60 d. Wigmonent 7. The 2018 beginning and ending account balances for Adams Furniture Company Ltd. Are presented below: 1/1/18 31/12/18 Assets $734,400 $1,161,600 Liabilities 326,400 456,000 Common shares 168,000 484,800 morbum wameron Assuming that there were no other charges to retained earnings other than for a dividend payment of $62,400 declared in 2018, the net income for 2018 should be 199.000 tasionar b.) $43,200 . $62,400 d. $27,000 $19,200 ork WASDP Warnunara - Aronico BoA 000.00 ZU