Please use the following information to determine what would be reported on the balance sheet as of 12/31/2019 Presented below are ending balances from Jumping Jack's 12/31/2019 post closing trial balance. Cash $ 28,500 Accounts Receivable, net 59,500 Inventory 31,680 Prepaid Rent 29,250 Land (part of PP&E) 170,000 Trademark 120,000 Notes Payable 132,000 Common Stock 61,410 Retained Earnings 245,520 On July 1, 2019, the company paid $35,100 for the next three years of rent. O The recorded balance for prepaid rent is correct. O Prepaid rent should be reported at $23,400. O None of the provided answers are correct. O Prepaid rent should be reported at $35,100