A business sublets three apartments in its office premises, each at £500 per month. During the year ended 30 June 2011 it received £18,500 as rent. This includes rent received in advance on one apartment for six months to 31 December 2011. As at 30 June 2011:

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Current asset a £18,500 b £2,500 c None d £3,000 Deferred income None £3,000 None £2,500