Long Beach, Inc., a lessor, charges Applewood Corp., a lessee, a $10,000 nonrefundable fee to enter into a four-month lease. The lease is effective on 10/1/22. It requires a monthly rental of $27,500, paid in monthly installments. In Applewood's income statement for the year ended 12/31/22, rent expense should be Select one: O a. $90,000 O b. $82,500 O c. $92,500 O d. $80,000 e. $84,667