On December 1 . 2014, Boron Inc signed an operating lease for a warehouse for ten years at $15,000 per year. Upon execution of the lease, Boron paid $30,000 covering rent for the first two years. How much should be shown in Boron's income statement for the year ended December 31 . 2014, as rent expense?
a. $0
b. $1,250
c. $15,000
d. $30,000
B
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