Following is the Receipts and Payments Account of You Bee Forty Club for the year ended 31st March, 2019: RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2019 Dr. Cr. Receipts ₹ Payments ₹ To Balance b/d (cash) 1,50,000 By Salaries and Wages 1,60,000 To Subscriptions By Office Expenses 35,000 2016-2017 60,000 By Sports Equipments 3,40,000 2018-2019 3,50,000 By Telephone Charges 24,000 To Donations 50,000 By Electricity Charges 32,000 To Entrance Fees 80,000 By Travelling Expenses 65,000 By Balance c/d (Cash) 34,000 6,90,000 6,90,000 Additional information :(a) Outstanding Subscriptions for the year ended 31st March, 2019 – ₹ 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.