On October 1, Year 1 Allen Company paid $24,000 cash to leas…

On Octоber 1, Yeаr 1 Allen Cоmpаny pаid $24,000 cash tо lease office space for one year beginning immediately. How would the adjustment on December 31, Year 1 to recognize rent expense affect the company’s financial statements? Balance SheetIncome StatementStatement of Cash FlowsAssets=Liabilities+Stockholders’ EquityRevenue−Expense=Net IncomeA.(6,000) (6,000) 6,000 (6,000) B.(6,000) 6,000 6,000 (6,000)(6,000) Operating ActivityC.(2,000) (2,000) 2,000 (2,000) D.(4,000) (4,000) 4,000 (4,000)(4,000) Operating Activity