A company receives rent from a large number of properties. The total received in the year ended 30 April 20X6 was

$481,200.

The following were the amounts of rent in advance and in arrears at 30 April 20X5 and 20X6:

30 April 20X5 30 April 20X6

$ $

Rent received in advance 28,700 31,200

Rent in arrears (all subsequently received) 21,200 18,400

What amount of rental income should appear in the companys income statement for the year ended 30 April

20X6?