Marianna lets Paul use a section of her premises. On 1 April 2020, the rent receivable account carried a balance of $800, because Paul still owed rent for the final month of the financial year that ended on 31 March 2020. With effect from 1 April 2020, the annual rent rose by $5\%$. During the year ending 31 March 2021, Marianna received a total of $10\,040 from Paul. Which amounts ought to be entered in Marianna’s financial statements for the year ended 31 March 2021?
- Aincome statement $10\,040$, current assets $800$
- Bincome statement $10\,040$, current assets $840$
- Cincome statement $10\,080$, current assets $800$
- Dincome statement $10\,080$, current assets $840$