The CHS Company paid $$54,000$ cash to its landlord on November $1,2019$ for rent covering the six$-$month period from November $1,$

$2019$ through April $30,2020.$ The books are adjusted only at year$-$end. Which of the following does not correctly describe the effect on

CHS Company's financial statements of the December $31,2019$ adjusting entry?

Multiple Choice

Prepaid rent decreases $$18,000.$

Rent expense increases $$18,000.$

Net income decreases $$18,000.$

Stockholders' equity increases $$18,000.$