From the following informations and Receipts and Payments Account of Krishna Nagar Club, Katihar, an Income and Expenditure Account for the year ended 31st March, 2016 and a Balance Sheet as on that deAmountPayments₹3,190 By Rent550 By Wages118,000 By Lighting Charges2To Subscriptions1,650 By Books PurchasedTo Donations2To Life Membership Fees2,500 By Office ExpensesTo Interest on Fixed Deposit480 By 8% Fixed Deposits (1.10.2015)To Proceeds of Tournament2,320 By Tournament Expenses2By Cash in hand228,690To Balance ddTo Entrance Fees1228Adjustments :(a) On 31st March, 2015, the Club possessed Books worth 20,000 and Furniture worth 78,500.(b) Provide depreciation on these assets @ 10% including the purchase during the year.(C) Subscription in arrears at the beginning of the year amounted to 350 and at the end of the yearwere outstanding.(d) The Club paid 7 420 rent in advance both in the beginning and at the end of the year.​​