Jordan Company prepays all rent. The company reported the following on its comparative balance sheet at 12/31/2020: 12/31/2020 12/31/2019 Prepaid Rent $20,000 $30,000 The company's statement of cash flows reported $500,000 of cash paid for rent during 2020. What amount of rent expense must Jordan have recorded on its 2020 income statement? (HINT: you are going from cash accounting to accrual accounting). a, $490,000 b. $500,000 c. 5520,000 d. $510,000 e $10.000