Bay Meadows Real Estate Collected Rentals of $600,000 During the Year

Bay Meadows Real Estate collected rentals of $600,000 during the year. The beginning balance in its rent receivable account was $60,000 and its ending balance was $40,000. What was total rent revenue for the year?

A) $590,000
B) $580,000
C) $620,000
D) $631,000