West Company signed a one-year lease on April 1 and paid the $11,400 total years rent in advance. West recorded the transaction as an increase to Prepaid Rent and a decrease to Cash. What adjustment should West make on December 31 (no previous adjustment has been made)? Select one: a. BALANCE SHEET INCOME STATEMENT ASSETS = LIABILITIES + STOCKHOLDER'S EQUITY REVENUE - EXPENSE Prepaid Rent Rent Expense +2,850 +2,850 -2,850 b. BALANCE SHEET INCOME STATEMENT ASSETS = LIABILITIES + STOCKHOLDER'S EQUITY REVENUE - EXPENSE Prepaid Rent Rent Expense +8,550 +8,550 -8,550 c. BALANCE SHEET INCOME STATEMENT ASSETS = LIABILITIES + STOCKHOLDER'S EQUITY REVENUE - EXPENSE Prepaid Rent Rent Expense -8,550 -8,550 +8,550 d. BALANCE SHEET INCOME STATEMENT ASSETS = LIABILITIES + STOCKHOLDER'S EQUITY REVENUE - EXPENSE Prepaid Rent Rent Expense -2,850 -2,850 +2,850 e. None of the above