Following is the Receipts and Payments Account of Delhi Football 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) 18,000 ​By Building 4,00,000 To Donations for Building 4,50,000 By Project Expenses 90,000 To Donations 50,000 (Young Talent Search and Development) To Government Grant 1,00,000 By Match Expenses 90,000 (Young Talent Search and Development) By Furniture 1,21,000 To Life Membership Fees 40,000 By 10% Investments 1,60,000 To Match Fund 80,000 (Purchased on 1st July, 2018) To Subscriptions 52,000 By Salaries 70,000 To Locker Rent 4,000 By Insurance 3,500 To Interest on Investments 10,000 By Sundry Expenses 4,700 To Sale of Furniture 1,00,000 By Closing c/d (Cash) 4,800 (Book value ₹ 80,000) By Bank (Young Talent 10,000 To Entrance Fees 50,000 Search and Development 9,54,000 9,54,000 Additional Information:(i) During the year ended 31st March, 2019, the club had 550 members and each paying an annual subscription of ₹ 100.(ii) Salaries Outstanding as at 1st April, 2018 were ₹ 10,000 and as at 31st March, 2019 were ₹ 5,000.Prepare Income and Expenditure Account of the Club for the year ended 31st March, 2019.