The Wellington Drama Club has 120 members. The annual subscription is $20 per member. Subscriptions not paid in one year are written off if not paid by the end of the next year. 

The Club presents two plays a year, each play being performed over ten days. The Club hires a local hall for the performances and the dress rehearsals, which take place over three days before the presentation of each play. The Club donates half of its net surpluses to the Actors Benevolent Fund. 

The receipts and payments of the Club in the year ended 31 December 2004 were as follows.

At 31 December 2003, members subscriptions of $360 were owing. 

Required 

(a) Prepare The Wellington Drama Club's Income and Expenditure Account for the year ended 31 December 2004. 

(b) Prepare a Balance Sheet extract at 31 December 2004 to show the items for subscriptions.

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Receipts Sales of tickets Sib Sales of programmes Sales of refreshments thuo ulibasqa borm $ 20 000 2005 FEMA, T Printing of posters, tickets and programmes Hire of costumes Cost of refreshments Payments for copyrights pro! Subscriptions for the year ended 31 December 2004 2 000 Subscriptions for the year ended 31 December 2003 280 Subscriptions for the year ending 31 December 2005 A 360 Payments Hire of hall 25 in) in 3.000 3 500 2 600 180 4 700 2.200 1.400