Patience pays a subscription to a business trade association annually in advance. The subscription is due on 30 September each year, to cover one year running from 1 October. Patience's accounting year runs to 28 February. The subscriptions paid in September 20X6 and 20X7 are as follows: 20X6 = £644; 20X7 = £796.

What are the amounts included in prepayments for this expense at 28 February 20X7 and 20X8? (Work to the nearest £.)

a) 20X7 = £268; 20X8 = £332

b) 20X7 = £376; 20X8 = £464

c) 20X7 = £376; 20X8 = £332

d) 20X7 = £268; 20X8 = £464