At 31 March 2002 a company had oil in hand to be used for heating costing $8,200 and an unpaid heating oil bill
for $3,600.

At 31 March 2003 the heating oil in hand was $9,300 and there was an outstanding heating oil bill of $3,200.
Payments made for heating oil during the year ended 31 March 2003 totalled $34,600.

Based on these figures, what amount should appear in the company’s income statement for heating oil for the
year?

A   $23,900
B   $36,100
C   $45,300
D   $33,100

D 8,200 + 34,600 + 3,200 – 3,600 – 9,300 = 33,100