On October 1, Year 1, Jason Company paid $2,100 to lease office space for one year beginning immediately. What is the amount of rent expense that will be reported on the Year 1 income statement and what is the cash outflow from rent that would be reported on the Year 1 statement of cash flows? Multiple Choice $2,300, $2,100 $525, $2,300 $350; $2,100 $525, $525