Pay rent for the current year. REQUIRED:

a. Indicate whether each item would be included on the company’s income statement, state¬ ment of stockholders’ equity, or neither, using the following codes: IS Income statement SE Statement of stockholders’ equity N Neither

b. Indicate whether the items you coded IS would be considered (1) usual and frequent, (2) unusual or infrequent, (3) unusual and infrequent, or (4) other.

c. Provide a brief explanation of your choice in

(b) of (1), (2), (3), or (4).