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Kale Company's year-end is December 31 The company rent out unused space in its office buliding making the tenant sign a three month lease and

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Kale Company's year-end is December 31 The company rent out unused space in its office buliding making the tenant sign a three month lease and payment is due in advance on the first day of each quarter to cover the subsequent three months. The rensal charge is $2.610 per quartet. The tenant was three months overdue on its first payment when delivered the cheque on April 1 Cleaning and maintenance of the rented space is done by o third company that charges $3.870 per quarter. Assume monthly financials are prepared and Kale made appropriate adjusting entries each month and prepared financial statements on March 31 . No interest is charged on the overdve payment Required t What is the omount of Rent Reverue tecognized for the month or March in the income statemient? 5 Required 2. What is the amount of Rent Recervabie shown on March 31 balonce sheet? $ Pequired 3 . What is the amount of Cleaning and Maintenance of Rented Space Expense reported for the month of Morch in the income Statement

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