As at March 31, 2017 the following balances have been extracted from the books of the Indian Chartered Accountants Recreation Club and you are asked to prepare (1) Trading Account for ascertaining gross profit derived from running restaurant and dining room and (2) Income and Expenditure Account for the year ended March 31, 2017 (3) and a Balance Sheet as at that date. Debit Balances Rs Credit Balances Rs Stock-in-hand 1170 Receipts Dining Room 87,660 Purchases 24,660 Subscriptions 9,450 Dining Room 32,370 Billiard's Receipts 7,300 Rent 10,470 Sunday Receipts 410 Wages 18,690 Interest on Fixed Deposit 270 Repairs and Renewals 5,400 Sundry Creditors 5310 Fuel and Light 5,280 Grant from Institute (permanent) 42,000 Misc. Expenses 4,050 Income and Exp. A/c (1.4.16) 1,380 Cash in hand 560 Suspense A/c (See note) 60 Cash at bank 2,760 Fixed Deposit 8,500 Sundry Debtors 2,250 China glass, cutlery and linen 600 Billiard Table 2,070 Fixtures and Fittings 870 Furniture 4,140 Club Premises 30,000 1,53,840 1,53,840 On March 31, 2016 stock of restaurant consisted of Rs 900 and Rs 60 respectively. Provide depreciations Rs 60 on fixtures and fittings, Rs 390 on billiard table and Rs 560 on furniture.