02 Dynamic Sports Club's trial balance as at 31st Dec 2020 is given below. The club operates its own restaurant to generate additional income for running the club. Dynamic Sports club's trial balance as at 31st Dec 2020 Sports Equipment Dr Cr S 765,000 2,664,000 Club Premises Subscription received Sale of event tickets Salaries of restaurant staff 317,892 54,000 427,500 Furniture and fittings Rates and insurance 473,400 171,900 General expenses 36,450 Event expenses 18,000 Accumulated fund 1" Jan 2020 3,754,440 Donation received 32,400 Telephone and postage 40,320 Bank 18,360 Restaurant purchases 861,480 Creditors for restaurant supplies Restaurant sales 93,600 1,514,250 290,172 5,766,582 5,766,582 Restaurant stock as at 1 Jan 2020 Total The following additional information is also available: i. Restaurant stocks as at 31st Dec 2020 $212,580 ii. Provide for depreciation: Sports equipment S 153,000; Furniture and fittings $ 118,350. Requirement: A. Prepare the Income statement for the year ended 31st December 2020 for Star Sports Club - Restaurant (8 Marks) B. Prepare the Income and Expenditure Account for the year ended 31st December 2020 for Star Sports Club. (8 Marks) C. Prepare the Statement of Financial Position as at 31st December 2020 for Star Sports Club. (9 Marks) (Total 25 Marks)