The accounting cycle for Project Paris Limited is from July 1 to June 30. On January 1 2021 Project Paris Limited rented out its old warehouse to Lost and Lost Limited by signing a 12-month agreement worth $2,000,000. The rentee paid the rentor for 12-months agreement in cash. At the start of October 2020, the company signed an agreement to purchase a new factory for $30,000,000. The company paid 80% in cash and the remainder by taking out a 10-year loan. Annual interest expense, on the loan is $500,000. Interest will be paid in cash on July 31 each year of the loan period. Annual depreciation on the new factory is $600,000. At the end of the accounting cycle the CFO of Project Paris Limited estimated that the new factory would have increased electricity and water usage from last year by 30%. Utility expenses (that comprised electricity and water) totaled $1,500,000 for the last full year. Required: At the end of the accounting cycle (June 30, 2021) Project Paris Limited would have made adjustment entries to "Rental Expense; 'Depreciation Expense and interest Expense of the following amounts? Select one: a. Debit. Rental Expense - $0.00; Debit. Depreciation Expense - $600,000; Credit Interest Expense - $500,000 b. Debit. Rental Expense - $1,000,000 Debit. Depreciation Expense - $300.000; Credit. Interest Expense - $375,000 c. Debit. Rental Expense - So. Dobit, Depreciation Expense - $300,000; Credit Interest Expense - $375.000 d. Debit. Rontal Expense $2,000,000; Debit. Depreciation Expense - $600,000; Credit Interest Expense - $375.000