A business draws up its financial statements on 31 December. Insurance premiums paid were as follows. January 2015: 1 July 2014 to 31 December 2014, $940$ July 2015: 1 January 2015 to 30 June 2015, $1120$ January 2016: 1 July 2015 to 31 December 2015, $1245$ March 2016: 1 January 2016 to 30 June 2016, $1880$ Which amount should be recorded in the income statement for the year ended 31 December 2015?
- A$1120$
- B$2060$
- C$2365$
- D$3305$