The Clipper, Inc., uses the accrual basis of accounting. Clipper's rent expense account had a $14,000 balance at the end of the year. The prepaid rent account had a $5,000 balance at the beginning of the year and a $7,000 balance at the end of the year. How much cash was paid for rent during the year?
a) $7,000
b) $9,000
c) $12,000
d) $16,000