Multiple choice: show how got answer

Red Corporations annual rent is $240,000. In fact, in Reds Rent Expense as of its fiscal year end of December 31, 2022, there is a balance of $220,000. Red Corporation also had a balance of $20,000 in its Prepaid Rent Expense account. As of December 31, 2022, how much should be in the Prepaid Rent Expense account?

A) $-0-

B) $20,000

C) $40,000

D) $240,000