12 A business has a combined rent and rates account. During the year ended 31 December 2014, the business had an opening rent prepayment of £200 and an opening rates accrual of £300. During the year it paid £11,000 for rent and rates.

At the end of the year, £900 had been prepaid for rates and there was an accrual of £600 for rent. What figure for rent and rates would appear in the income statement?

(a) £10,800

(b) £10,600

(c) £11,200

(d) £11,400