Following is the Receipts and Payments Account of You Bee Forty Club for the year ended 31st March, 2018: RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2018 Dr. Cr. Receipts ₹ Payments ₹ To Balance b/d (cash) To Subscriptions 2016-2017 2017-2018 To Donations To Entrance Fees 1,50,000 60,000 3,50,000 50,000 80,000 By Salaries and Wages By Office Expenses By Sports Equipments By Telephone Charges By Electricity Charges By Travelling Expenses By Balance c/d (Cash) 1,60,000 35,000 3,40,000 24,000 32,000 65,000 34,000 ​ 6,90,000 6,90,000 Additional information :(a) Outstanding Subscriptions for the year ended 31st March, 2018—​₹ 55,000.(b) Outstanding Salaries and Wages—​₹ 40,000.(c) Depreciate Sports Equipments by 25%.Prepare Income and Expenditure Account of the club from the above particulars.