On 1 April 20.17 Trak Traders took up an insurance contract with Blue Sky Insurers for 24 months. The insurance policy was effective with immediate effect and stipulated that all premiums for a year (a period of 12 months starts from 1 April each year) are due by 1 April each year.

An extract from the list of balances of Trak Traders at year-end, reflected the following balances:

	28 February 20.19	28 February 20.18
Premiums paid during the year ended	*R17 472	*R15 996

*payments for 12 months *payments for 12 months

The amount for insurance premiums and the short-term adjustment to be disclosed in the financial statements of Trak Traders at the year-end for 20.19 will be?

• A.

  Statement of profit or loss and other comprehensive income for the year ended 28 February 20.19	Statement of financial position as at 28 February 20.19
  R17 349	R1 456

• B.

  Statement of profit or loss and other comprehensive income for the year ended 28 February 20.19	Statement of financial position as at 28 February 20.19
  R17 472	R1 333

• C.

  Statement of profit or loss and other comprehensive income for the year ended 28 February 20.19	Statement of financial position as at 28 February 20.19
  R17 472	R2 789

• D.

  Statement of profit or loss and other comprehensive income for the year ended 28 February 20.19	Statement of financial position as at 28 February 20.19
  R16 016	R1 456

• E.

  Statement of profit or loss and other comprehensive income for the year ended 28 February 20.19	Statement of financial position as at 28 February 20.19
  R18 805	R1 333