From the following information provided by Apple Cyber Club, prepare Income and Expenditure Account for the

year ending December 31, 2011 and a Balance Sheet as at that date: Receipt Amount Payment Amount Balance b/d Salaries of lab assistant 4,160 Cash in Hand 3,100 Stationery 1,100 Subscription Fixed Deposit ( On 31-12-2011) 4,000 2010 200 Sundry Expenses 6,040 2011 11,000 (Including rent Rs.3,600) 2012 200 11,400 Internet Charges 2,500 Income from IT literacy Program 11,200 Expenses on IT Literacy Program 8,200 Interest on Fixed Deposit Balance c/d ( @ 9% for 2011) 5,400 Cash in Hand 5,100 31,100 31,100 Additional Information: a. Total number of members 225 Annual subscription Rs. 50 per member Subscription outstanding on 31-12-2010 Rs. 250 b. Stock of stationery: On 31-12-10 Rs. 250 On 31-12-11 Rs. 350 c. Balance of Computers as on 31-12-2010 was Rs. 25,000; depreciation is to be charged @ 20%. d. On 31-12-2011 rent for three months were in arrear, the yearly charge being Rs. 3,600.