$60,000 per year to $72,000 per year as from 1 October 20X3. What figure should appear for rent expense in the business's statement of profit or loss and other comprehensive income for the year ended 31 July 20X4? A $69,000 B $62,000 $70,000 D $63.000 advance on 1 January, 1 April, 1 July and 1 October each year. The annual rent was increased from