Annual local government council rates of $4800 (there is no GST) were paid on 1 February 2022. The payment is allocated to a rates prepaid account, as the business uses monthly standing journals. The balance on the rates account at 31 January 2022 was $2520. Complete:

• payment of the rates on 1 February in general journal format

• standing journal for the end of February 2022

• extract general ledger for the prepayment and the expense accounts to 30 June 2022, and

• extracts of the income statement and balance sheet for 30 June 2022.