Pharoah Company sublet a portion of its warehouse for five years at an annual rental of $75900, beginning on May 1, 2017. The tenant, Sheri Charter, paid one year's rent in advance, which Pharoah recorded as a credit to Unearned Rent Revenue. Pharoah reports on a calendar-year basis. The adjustment on December 31, 2017 for Pharoah should be:_____.A.Unearned Rent Revenue 25,000 Rent Revenue 25,000 B. Unearned Rent Revenue 50,000 Revenue 50,000 C. No entry D. Rent Revenue Unearned 25,000 Rent Revenue 25,000