Laurel Ltd leased an office building to Hardy Inc for a three year, non-renewable term. This was properly classified as an operating lease by both parties The monthly rental is set at $ 12,000 per month However, as an added inducement, Laurel agreed to grant Hardy a four-month rent-free period at the beginning of the lease, and a further two-month rent-free period at the end of the lease How much rent expense should Hardy record each month during the three year period? O 10,000 O 12,000 O 11,250 10,667