On July 1, 20x1, Mauriat paid $38234 towards a 3-year subscription for an accounting journal. Which of the following statements will be correct as a result of this transaction? Select one: Oa. Under cash basis accounting, there will be a balance of $25489 in the prepaid subscription account on December 31, 20x1 Ob. There will be no subscription expense for December 31, 20x1. Oc. Under cash basis accounting, there will be a zero balance in the prepaid subscription account on December 31, 20x1 Od. Under cash basis accounting, the subscription expense for the period ending December 31, 20x1, will be $6372 Check