A business begins on 1 January with $\$800$ prepaid for four months’ motor insurance. It also has fuel payable on an unpaid invoice of $\$140$. In January, the business settles the fuel invoice and pays another $\$600$ for fuel. By 31 January, there is still an unpaid fuel invoice of $\$160$. What amount should be shown for motor expenses in the income statement for January?
- A$\$760$
- B$\$960$
- C$\$1100$
- D$\$1560$