From the following information relating to the Ganesh Cricket Club, prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date. The summary of cash transactions is: RECEIPTS AND PAYMENTS ACCOUNT Dr. Cr. Receipts ₹ Payments ₹ To Opening Balance(cash) 10,000 ​By Upkeep of Fields 20,000 To Opening Balance (Cash at Bank) 20,000 By Tournament Expenses 7,000 To Member's Subscriptions 50,000 By Rates and Insurance 2,000 To Admission Fee 3,000 By Telephone 500 To Sale of Old Bats, etc 500 By Printing and Stationery 1,000 To Hire of Ground 3,000 By General Charges 500 To Subscriptions for Tournament 10,000 BySecretary's Honorarium 2,000 To Donations 1,00,000 By Bats, Balls, etc 7,000 By Closing Balance (Cash) 1,00,000 By Closing Balance (Cash at Bank) 56,500 1,96,500 1,96,500 Assets on 1st April, 2017: ₹ Stock of Bats and Balls 15,000 Printing and Stationery 2,000 Subscription Due 5,000 Subscriptions due on 31st March, 2018 amounted to ₹ 7,500 . Write off 50% of Bats, Balls (not considering sale ) and 25% of Printing and Stationery.