At 1 January 2015 Mr. Maicon's business had prepaid electricity expenses of 200. During 2015 the business paid 2,000 for electricity. At 31 December 2015 the amount owing in respect of electricity was 500. What figure should appear for electricity expenses in the business' Statement of Profit or Loss for the year ending 31 December 2015? 2,700 None of the above 1,700 0 1,300