On October 31, 2021, Bison Co. entered into a rental agreement for an office space for 3 years. Bison paid $3,600 in advance for the 3-year rental. Related to the rental transaction, answer the following questions: (a) What is the adjusting entry that Bison needs to make on December 31, 2021? (b) If Bison did not make the adjusting entry, how will Bison's financial statements for the year ended December 31, 2021 be affected? (c) Prepare the adjusting entry for December 31, 2022.