Given below is the Receipts and Payments Account of the Indian Gymkhana for the year ended Dec 31, 2008.

Receipts

As

Payments

As

To Donations

501000

By Buildings

44,000

To Reserve Fund

4.000

By Ot adran ular Match Fxpenses

900

To Quadrangular Match Fund

10,000

By Furniture

2,100

To Subscriptions

3,200

By Salaries

1,800

(including Rs 100 for 2009)

By Cricket

600

To Lockers Rent

100

ByTennis

540

To Interest on Investment

100

By Insurance

360

To Cricket

400

(paid for period ending Seo 30, 2009)

To Sundries

co

Ry Gardening

170

350

By Printing

180

To Tennis

To Billiards

200

By Telephone

250

By Investments

14,000

by tsaiance

3,suu

68,400

68,400

Subscriptions outstanding for 2008: Rs 300; salaries outstanding for Dec 2008: Rs 200.

Prepare an Income and Expenditure for the period and the Balance Sheet as on Dec 31, 2008.