On December 1, 2015, Twilight Corporation Paid $8,000 Rent in Advance.The

On December 1, 2015, Twilight Corporation paid $8,000 rent in advance.The rent per month is $1,000.If Twilight's accounting period ends on December 31, 2015, what will be reported on the financial statements?

A) Prepaid Rent of $7,000 on its balance sheet at December 31, 2015
B) Prepaid Rent of $8,000 on its balance sheet at December 31, 2015
C) Rent Expense of $8,000 on its 2015 income statement
D) Rent Revenue of $7,000 on its 2015 income statement