On Aug. 1, Year 1, Andy Company paid $60,000 for a two-year lease on an office. This amount covered the entire lease period. Andy occupied this space on Aug. 1, Yr. 1. Required: $_________ Year 1 Office Rent Expense $_________ Office Rent Payable at Dec. 31, Year 1 [If none, so state.] $_________ Prepaid Office Rent at Dec. 31, Year 1 [If none, so state] On May 1, Year 2, Andy rented an additional office when the firm signed a two-year lease on office space made necessary by the firms growth. Andy moved into the second office on that same day. This second office had a monthly rental rate of $2,200 and the rental agreement requires that Andy pay for all 24 months at the end of the rental period. Required: $_________ Year 2 Office Rent Expense [for both offices combined] $_________ Prepaid Office Rent at Dec. 31, Year 2 [If none, so state.] $_________ Office Rent Payable at Dec. 31, Year 2 [If none, so state.] $_________ Cash paid for Office Rent in Year 2