THE FOLLOWING TRIAL BALANCE AND ADDITIONAL INFORMATION REFERS TO OUESTIONS 1-11 The following balances have been extracted from the books of Santa ple for the year ended 31st December 2018, before anv adiustments have been made. Q1. The figure for prepayments in the trial balance is in respect of two months' rent paid in advance at 1.1.18. As from 1.9.18, rent had been increased to 24,000 per year, payable quarterly (on 1st March, 1st June, 1st September and 1st December), in advance. What amount of prepayments should be in Current Assets in Statement of Financial Position as at 31.12.18 and what amount of rent expense should be in Income Statement for the year ended 31.12.18 (in 000 )? A. Prepayments: 4; Rent: 17 B. Prepayments: 4; Rent: 20 C. Prepayments: 7; Rent: 17 D. Prepayments: 7; Rent: 20