On April 1, Year 2, Maine Corporation paid $8,700 cash in advance for a one-year lease on an office building. Assume that Maine records the prepaid rent as an asset and that the books are closed on December 31. Required a. Show the payment for the one-year lease and the related adjusting entry to recognize rent expense in the accounting equation. (Not all cells require input. Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) MAINE CORPORATION Accounting Equation Year 2 Assets Prepaid Cash Rent = Event Stockholders' Equity Common Retained Stock Earnings Paid rent in advance = Adjusting rent expense Totals 0 0 = 0 0