On October 1, 2016, Sengal Company recorded a journal entry debiting prepaid rent and crediting cash for $1,200 in payment for one year of office rent. At December 31, 2016, the financial statements should report:

On the Balance Sheet		On the Income Statement
A.	Prepaid rent, $ 300	Rent expense, $ 900
B.	Prepaid rent, $ 1,200	Rent expense, $ 0
C.	Prepaid rent, $ 0	Rent expense, $ 1,200
D.	Prepaid rent, $ 900	Rent expense, $ 300