A company receives rent from a large number of properties. The total received in the year ended $30$ June $2021$ was $12,03,000.$ The following were the amounts of rent in advance and in arrears on $30$ June $2020$ and $2021.$

$$Particulars

$30$ June $2020$

$30$ June $2021$

Rent received in advance

$71,750$

$78,000$

Rent received in arrears

$53,000$

$46,000$

$($All subsequently received$)$

$$

$$

What amount of rental income should appear in the company's Statement of Profit or Loss for the year ended $30$ June $2021?$

Select the most appropriate option.

Group of answer choices

$11,89,750$

$11,52,250$

$12,16,250$

$12,53,750$