Hits and valleys Limited major owner is the CEO The CEO hired a private train for a trip from Vienna to Istanbul from November 8 to November 12. The total cost of the journey is $100,000, The trip comprised three legs. On the first leg the CEO was accompanied by only his family to celebrate a family birthday, on the second leg the CFO and finance department boarded as family left. During the second leg the CEO, CFO and finance department held business meeting On the third leg the CEO was joined by the Chairman of Dicey Limited to discuss a personal investment opportunity for the owner of Hils and Valleys Limited The cost of the first leg was reported to be $25,000, the third leg $30,000 and the second leg the balance The entire trip was paid in advance on November 1 Required: In the books of Hills and Valleys Limited the CFO would record the relevant travel payment on November 1 as: Select one: a. Debit: Pre-Paid Travel Expenses - $75,000; Credit: Cash - $75,000 b. Debit: Pre-Paid Travel Expenses - $55,000; Credit: Cash - $55,000 c. Debit: Pre-Paid Travel Expenses - $0; Credit: Cash - $0 d. Debit: Pre-Paid Travel Expenses - $100,000; Credit: Cash - $100,000