Baity, a limited liability company, receives rent for subletting part of its office premises to a number of tenants. In the year ended 31 December 2009, Baity received cash of $318 600 from its tenants. Details of rent in advance and in arrears at the beginning and end of 2009 are as follows:

All rent owing was subsequently received. What figure for rental income should be included in the . statement of income of Baity for 2009?LO1.

a. $341 000

b. $336 400

c. $300 800

d. $316 200 ACCA adapted

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Rent received in advance Rent owing by tenants 31 December 2009 428 400 18 300 31 December 2008 24 600 16.900