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From the following particulars relating to Friends Club, Kanpur. prepare Income and Expenditure Account for the year ended 31st March, 2018 and a Balance Sheet as at that date :2.10750To Cash in hand on 1st April 2017To Subscriptions(including 1.200 for 2018-19)To DonationsTo Proceeds from Charity ShowTo Life Membership FeesTo Interest on InvestmentsPamo780 By SalariesBy Tour Expenses28.000 By Printing and Stationery1.500 | By Rent15.700 By Repairs6,000 By Building Purchased1.500 By Balance cd on 31.3.201853.480510232053.480On 1-4-2017, the club owned land and building valued at 10,000 and investmentsvalued at 315,000. There were 140 life-members on that date, each of whom had paidsubscription of 100.Subscriptions due on 31st March, 2017 and on 31st March, 2018 were 1.500 and31,000 respectively. Similarly, interest on investments due at the beginning of the yearwas 300 and at the end of the year was 325.​

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