157 Vine Co sublets part of its office accommodation to earn rental income The quarterly in advance on 1 January, 1 April, 1 July and 1 October. The annu $24,000 for some years, but it was increased to $30.000 from 1 July 20x5 What amounts for rent should appear in Vine Co's financial statements for 31 January 20X6? Profit or loss Statement of Financial position A $27,500 $5,000 in accrued income $27,000 $2.500 in accrued income $27,000 $2,500 in prepaid income D $27.500 $5,000 in prepaid income