Chappell Limited is preparing its financial statements for the year ended 30 June 2020. Its initial trial balance includes the following: A debit balance on the subscriptions expenses account of £5,000. This comprises cash paid in the year £4,700 and a prepayment brought forward at 1 July 2019 of £300. Included in the £4,700 was the latest bill which was paid on 20 June 2020 for £1,200 and related to the three month period ending 31 July 2020. In the income statement what will the figure for subscriptions expenses be?