Question 1: (10 marks) Remi has two properties that are surplus to the firms requirements and are leased out. Details of rent in advance and rent in arrears at the beginning and end of the year are as follows: 31 October 2020 Rs 31 October 2021 Rs Rent received in advance, property 1 6,000 ? Rent in arrears, property 2 (all subsequently received) 7,000 ? 1 st Property Rent receivable for property one is paid quarterly in advance on 1 January, 1 April, 1 July and 1 October. The annual rent receivable has remained constant for several years at Rs3,000 per month. Rs9,000 was received as expected from the tenant on 1 October 2021. 2 nd Property Rent receivable for property 2 is paid monthly in arrears on the first day of the subsequent month. Rent receivable for property 2 was decreased during the year ended 31 October 2021 as follows: Rent receivable for the year ended 30 June 2021 was Rs42,000; Rent receivable for the year ended 30 June 2022 was reduced to Rs33,000. Remi received Rs43,250 cash for rent receivable on property 2 in the year ended 31 October 2021. Required: (a) Calculate the figure for rent receivable for inclusion in the Income Statement of Remi for the year to 31 October 2021; 3 Marks (b) Prepare the rent receivable T account for Remi for the year to 31 October 2021. 7 Mark