WA Rentals collects rent from its properties in Perth and other regional areas. At the end of the fiscal year, before adjusting entries, the Rent Revenue account has a Cr balance of $100,000.

During the year, $125,000 has been received from its tenants. Two adjustments are made at the end of the financial year: (1) an accrual for accrued rent income of $16,000; and (2) the Unearned Rent account is decreased by $4,000.

Based on the information given, the amount of Rent Revenue to be shown in the Income Statement is:

A) $104,000 B) $120,000 C) $125,000 D) $145,000.

please provide correct answer and explanation