Lisa's Boutique is renting prime store space at the Regional mall and just signed a five-year lease effective January 1, with the following terms: ??Refundable security deposit $1,500 ?Monthly lease payments $3,000 ?Lease bonus due at signing $18,000 ??Lisa has had to make significant renovations to the store prior to moving in. record occupancy expense for the year
a) $51,100
b) $49,600
c) $49,900
d) $45,850