A company earns rental income by leasing out two properties. For the year ended 31 December 2019, the total rental income received from these two properties was $55000. Additional details for the two properties were as follows. Rent received in advance at 1 January 2019: property 1 $1840, property 2 $0. Rent received in advance at 31 December 2019: property 1 $0, property 2 $720. Rent receivable in arrears at 1 January 2019: property 1 $0, property 2 $2120. Rent receivable in arrears at 31 December 2019: property 1 $1100, property 2 $0. What total amount of rental income would appear in the income statement for the year ended 31 December 2019?
- A$54340
- B$54900
- C$55100
- D$55660