Homework: Graded MAL HW #3 [Ch 3] Spr 2020 Score: 0 of 2 pts 11 of 18 (10 complete) Instructor-created question A company paid $33,000 on August 1, 2016 for one year's rent. The rental period is August 1, 2016, through July 31, 2017. The company uses a December 31 financial reporting year-end and records adjustments once a year. (Do not round any intermediary calculations, and round your final answer to the nearest whole dollar.) What should be the balance in Prepaid Rent on December 31, 2016? Prepaid rent balance at December 31 is $ | 13750