! Required information (The following information applies to the questions displayed below.) On November 1, 2019, Wenger Co. paid its landlord $4,080 in cash as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed. c. Calculate the amount of prepaid rent that should be reported on the December 31, 2019, balance sheet with respect to this lease. Prepaid rent