A company receives rent from a large number of properties. The total received in the year ended 30 April 206 was $481,200. The following were the amounts of rent in advance and in arrears at 30 April 205 and 206 : 30 April 20530 April 20X 6 Rent received in advance 28,70031,200 Rent in arrears (all subsequently received) 21,20018,400 What amount of rental income should appear in the company's statement of profit or loss for the year ended 30 April 20X6? a. $501,500 b. $460,900 c. $475,900 d. $486,500 Clear my choice