Use the Following Information to Answer Questions Below

Use the following information to answer questions below
On April 1, 2016, SBD Corp. paid $120,000 for rent on warehouse space one year in advance. On October 1, 2016, SBD Corp. entered into a lease agreement to rent out its old warehouse space it was no longer using. This agreement calls for SBD to receive $8,000 per month from the lessee, due and payable at the end of the 4-month lease term. At December 31, 2016, none of the rental payments from the lessee had yet been received.
-If SBD makes the appropriate adjusting entry, how much will be reported on the December 31, 2016 income statement for rent expense?

A) $85,000
B) $49,000
C) $15,000
D) $90,000