1 The following information relates to Odessa Tennis Club, one of the Non Profit organisations (NPO) offering recreational facilities to the Coastal Communities: Each member of Odessa tennis club pays an annual membership fee of R 200. At the end of Odessa's first financial year on 31 December 20.4, the membership fees of 12 members were still outstanding On the other hand, there were four members who had already paid membership fees for 20.5 in advance A total of 12 400 was received during 20.5 in respect of membership fees. By the end of 20.5,13 members were still in arrears with their membership fees for 20.5. a total of six members paid their 20.6 membership fees during 20.5 Only five of the members whose fees were in arrears on 31 December 20.4 paid their fees during 20.5. It is the policy of the club to expel members if they are one year in arrears with their subscriptions. On 1 February 20.5 two members resigned from the club, and their full membership fees for 20.5 were refunded Required: Prepared the membership fees account of sphinx tennis club for the year ending 31 December 20.5. Also show the necessary reversals to be made in the account on 1 January 20.6. (All calculations must be shown as Notes). (30 marks)