Stokvel Traders (a registered VAT vendor) manufactures

and sells luxury goods. Stokvel Traders further provides certain marketing and

advertising services to clients in the tourism industry.

The following balances and totals were extracted from

the financial records of Stokvel Traders for the year ended 31 March 2022:

Additional information:

1. Since 1 July 2021, Stokvel Traders sublets a portion of its office space

   to Tourists International for a monthly fee of R11 040 (VAT exclusive).

2. SA Destinations is the only client that entered into a contract for marketing services with Stokvel Traders for the 2022 financial year. In terms of this contract SA Destinations pays a monthly fee of R21 000 (VAT exclusive) for marketing services, starting on 1 April 2021.

3. The insurance was paid on 1 April 2021 for a period of

   15 months.

4. On 30 March 2022, Stokvel Traders received an invoice

   for the water and electricity usage for March 2022 to the amount of R4 300

   (VAT exclusive). This transaction has not yet been recorded.

What is the amount that will be reported as income received in advance in the statement of Financial position as at 31 March 2022?

NB: Instructions

1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)

2. Only show the amount, do not show the R (eg: 12141.72)