A business, which commences on January 12,000, receives a rate demand for 2400 from the local authorities in respect for the period of January to March (inclusive) 2000. The bill is paid on January 10th. On 6th April, a further demand for 3600, covering April to September (inclusive), is received and paid on 20 April. On 5th October, a demand for another 3000 is received to cover the period October 2000 to March 2001 (inclusive). This is paid on 20th October. You are required to: Write up the Rates Account as it would appear in the books of business at 31st December 2000, indicating the amount to be transferred to the profit and loss account.