On January 1, 2013, Wellburn Corporation leased an asset from Tabitha Company. The asset originally cost Tabitha $390,000. The lease agreement is an operating lease that calls for four annual payments beginning on January 1, 2013, in the amount of $31,000. The other three remaining payments will be made on January 1 of each subsequent year. Which of the following journal entries should Tabitha record on January 1, 2013?

Cash	31,000
Rent expense		31,000

Cash	31,000
Lease receivable		31,000

Cash	31,000
Rent revenue		31,000

Cash	31,000
Unearned rent revenue		31,000