From the following Receipts and Payments Account of a Cricket club and the additional information, prepare an Income and Expenditure Account for the year ended on 31st March, 2014 and a Balance Sheet as at that date : ReceiptsRs PaymentsRs Balance b/d :Crockery purchased2,650 Cash3,520Maintenance6,820 Bank27,380Match Expenses13,240 Fixed Deposit at 6% p.a.30,000Salaries11,000Membership SubscriptionConveyance820 (including Rs 6,000 for the yearUpkeep of lawn4,240 year ending 31st March, 2013)40,000Postage Stamps1,050Entrance Fees2,750Purchase of Cricket Materials9,720Donation5,010Sundry Expenses2,000Interest on Fixed Deposit900Investments5,700Tournament Fund20,000Tournament Expenses18,800Sales of CrockeryBalance c/d : (Book value Rs 1,200)2,000 Cash2,200 Bank23,320Fixed Deposit at6% p.a.30,000––––––––55,520¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,31,560––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,31,560–––––––––– Informations :- (a) Monthly Salary is Rs 1,000; (b) The value of unused Postage Stamps is as follows : 31st March, 2013, Rs 750; 31st March, 2014, Rs 900. (c) Stock of Cricket Materials is as follows : 31st March, 2013, Rs 3,210; 31st March, 2014, Rs 2,800. (d) Arrear of membership subscriptions : On 31st March, 2013, Rs 6,600; On 31st March, 2014, (for 2013-14) Rs 8,000. (e) Donation and Entrance Fees are not to be capitalised