ABC ltd has paid a refundable security deposit for 20,000 for the property taken on lease in Apr'20. Monthly Rent is paid for 10,000 till Sep'20 and After that the monthly rent is increased by 10% and paid as per the contract during the rest of the FY2021. How would the income statment reflect entries for the amount paid during the FY2021. 1) Creditor 20,000; Expense 1,20,000 2) Creditor 80,000; Expense 80,000 3) Debtor 20,000; Expense 1,26,000 4) Debtor 20,000, Expense 60,000; Accrued 66,000