The following is the Receipts and Payments Account of 'Vikas Club' for the year ended on 31st March, 2017 : ReceiptsRs PaymentsRs Balance b/d4,400Salaries44,000Subscription :Furniture (Purchased on 2015-20161,500 1st Jan 2017)10,000 2016-201796,000Sports Expenses11,000 2017-2018500Drama Expenses18,400Entrance Fees8,000Newspapers2,500Sports Fund15,000Municipal Taxes3,600Sale of drama tickets24,000Refreshments32,200Sale of waste paper150Lighting and Heating6,000Interest on Investments1,350Medicines Purchased4,000Balance c/d19,200¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,50,900––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯1,50,900–––––––––– Prepare Income and Expenditure A/c for the year ended 31st March, 2017 and the Balance Sheet as at that date, after taking the following information into account : (i) The club has 200 members each paying an annual subscription of Rs 500 and the subscription of two members is still in arrear for 2015 - 2016. (ii) Stock of medicines on 31st March, 2017 was Rs 1,000. (iii) Salaries are paid Rs 4,000 per month. (iv) The other assets on 1st April, 2016 were : Furniture Rs 40,000 and 9% Investments Rs 18,000 (Face value Rs 20,000). (v) Depreciate furniture at 10% p.a. and provide upto date interest on investments.