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On January 1, Billy co. signed a three-year lease for office space. The lease required monthly rent of $8000 for the first year, $8100 for

On January 1, Billy co. signed a three-year lease for office space. The lease required monthly rent of $8000 for the first year, $8100 for the second year, and 8200 for the third year. Billy has the option to renew the lease for a fourth year at 8300 per month. 

How much rent expense should Billy co. charge for January?

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