On December 1, King Co. leased office space for 5 years at a monthly rental of $60,000. On the same date, King paid the lessor the following amounts:

First months rent	$ 60,000
Last months rent	60,000
Security deposit (refundable at
lease expiration)	80,000
Installation of new walls and offices	360,000

Kings expense relating to use of the office space for the year should be.Please show solution

• A.$140,000

• B.$66,000

• C.$60,000

• D.$120,000