A summary of the Moorwick Bowling Club’s cash book is shown below. From it, and the additional information, you are to construct an income and expenditure account for the year ending 31 December 2012, and a statement of financial position as at that date.

Further information: (i) At 1.1.2012 equipment was valued at £3,000. (ii) Depreciate all equipment 10 per cent for the year 2012. (iii) At 31.12

.2012 rent paid in advance was £600. (iv) At 31.12

.2012 there was £40 owing for printing.

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Balance at 1.1.2012 Collections at matches Profit on sale of refreshments Cash Book Summary 2,800 8,600 11,000 22,400 Purchase of equipment Rent for pitch Printing and stationery Secretary's expenses Repairs to equipment Groundsman's wages Miscellaneous expenses Balance at 31.12.2012 600 2,400 100 160 140 8,000 120 10,880 22,400