If we run a Profit & Loss (or Income Statement) for Eternal Summer for the month of April, which of these would appear on the statement? 1 pointRental Expense $1,000.Prepaid rent $8,000.

The Profit & Loss statement, also known as the Income Statement, records revenues, costs, and expenses during a specific period. This statement is used to measure a company's financial performance.

In the case of Eternal Summer, the following would appear on the Profit & Loss statement for the month of April:

1. Rental Expense $1,000: This is a direct expense that the company has incurred over the period. It is an operating expense, and it directly affects the company's profit and loss. Therefore, it would appear on the Profit & Loss statement.

2. Prepaid rent $8,000: This is an advance payment for future use of a property or facility. It is considered an asset, not an expense, until the term of the rental begins. Therefore, it would not appear on the Profit & Loss statement for the month of April unless that is the month when the rental term begins. Instead, it would appear on the balance sheet as a current asset.