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The rent on your company's warehouse is $2,000 per month. At the end of 2021, Rent Expense was reported as $24,000. Prepaid Rent shows as

The rent on your company's warehouse is $2,000 per month. At the end of 2021, Rent Expense was reported as $24,000. Prepaid Rent shows as $4.000 at the end of 2021. What does this mean? Select an answer: 1.Your company paid $20,000 in rent in 2021. 2.Your company is $20,000 behind on its rent. 3.Your company paid the first two months of rent for 2022

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