Trent has worked for a real estate franchise for the past 15 years. He has a dream of retiring from his job in five years, and living off the income from his investment properties. He now owns five investment properties in South Australia and is on the way to purchasing the next one.

Trent receives rental income directly into his bank account from the tenants.

Trent has given you the following information in relation to his rental receipts for the June CIY:

Total rent received$56,390

Rent in advance$750 (included in total above)

Rent outstanding$380

Select one:

A.$56,390

B.None of these

C.$56,020

D.$56,770

E.$56,760