2)Full year debenture interest, which was due on 31.12.18, was paid on 9.1.2019. What figures should appear in the financial statements of the company for the year ended 31 December 2018 (in 000)?

For the following questions use this Trial Balance The following balances have been extracted from the books of Santa plc for the year ended 31st December 2018, before any adjustments have been made. Dr Cr 000 000 Land 120 Buildings at cost 280 Buildings, accumulated depreciation at 1 January 2018 80 Delivery vans at cost 65 Delivery vans, accumulated depreciation at 1 January 2018 23 Inventory at 1 January 2018 74 Trade receivables 92 Provision for bad debts at 1 January 2018 5.6 Prepayments at 1 January 2018 3 Bank balance 7 Trade payables 23 10% debenture loan repayable in 2030 50 Ordinary share capital of 0.5 each 70 Share premium 10 Retained profits at 1 January 2018 101.4 Disposal proceeds 25 Sales revenue 1095 Purchases 621 Administrative expenses 96 Carriage-in 3 Distribution costs 109 Rent 21 Interim dividend paid 6 1490 1490 The figure for prepayments in the trial balance is in respect of two months' rent paid in advance at 1.1.18. As from 1.9.18, rent had been increased to 24,000 per year, payable quarterly (on 1st March, 1st June, 1st September and 1st December), in advance. What amount of prepayments should be in Current Assets in Statement of Financial Position as at 31.12.18 and what amount of rent expense should be in Income Statement for the year ended 31.12.18(in 000)