Prepare Income and Expenditure Account from the following particulars of Youth Club for the year ended on 31st March, 2018: RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2018 Dr. Cr. Receipts ₹ Payments ₹ To Balance b/d (Cash) 32,500 By Salaries 31,500 To Subscription: By Postage 1,250 2016-17 1,500 By Rent 9,000 2017-18 60,000 By Printing and Stationery 14,000 2018-19 1,800 63,300 By Sports Material 11,500 To Donations (Billiards Table) 90,000 Bu Miscellaneous Expenses 3,100 To Entrance Fees 1,100 By Furniture (1st October, 2017) 20,000 To Sale of Old Magazines 450 By 10% Investment (1st October, 2017) 70,000 By Balance c/d (31st March, 2018) 27,000 1,87,350 1,87,350 Additional Information:(i) Subscription outstanding as at 31st March, 2018 ₹ 16,200.(ii) ₹ 1,200 is still in arrears for the year 2016-17 for subscription.(iii) Value of sports material at the beginning and at the end of the year was ₹ 3,000 and ₹ 4,500 respectively.(iv) Depreciation to be provided 10% p.a. on furniture.