Question Completion Status: Moving to another question will save this response. Question 3 55 On October 1. Year 1 jones Co. paid $18,000 for one year of rent for office space. At the end of Year the financial statements should report On the Income Statement On the Balance Sheet Rent expense, $18,000 Prepaid rent, On the Income Statement On the Balance Sheet Rent expense. $13,500 Prepaid rent $ 4500 On the income Statement On the Balance Sheet Rent expense S 4.500 Prepaid rent, $13.500 On the Income Statement On the Balance Shees Rent expenses 0 Prepaid rent. 518,000 Moving to another question will save this response 2 s 8 Q W E R