The year-end of Xakwa Mining, a business entity owned by Mr Manenzhe, is 31 December. On 1 January 2021, the statement received from the municipality showed that the company had overpaid by R2 500. Xakwa Mining received electricity accounts for the four quarters starting 1 January 2021 and ending 31 December 2021 for R3 500, R3 570, R2 750 and R3 000 respectively. On 31 December 2021, the municipal account reflected a balance of R2 000 owing. Which one of the following alternatives represents the correct amount that must be disclosed as electricity expense in the statement of profit or loss and other comprehensive income of Xakwa Mining for the year ended 31 December 2021? Oa. R 8 500 O b. R17 320 O c. R17 500 O d. R12 500