1. UTAR Fitness Club was established in 2016 to organize sport activities for staffs and students in UTAR. The following information is related to UTAR Fitness Club: Members' Subscription Fees Receivable RM Prepaid Stationery RM Utility Payable RM 170 160 1 January 2017 1,120 140 31 December 2017 1,145 165 UTAR FITNESS CLUB RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2017 RM RM 2,300 31 Dec Stationery 1,180 Salary Sport 140 equipment 1,430 1,840 1,150 I Jan 31 Dec Entrance fees Members' subscription fees for 2016 Members' subscription fees for 2017 Members' subscription fees for 2018 Tournament fees 4,200 Utility 1,390 1,110 1,420 Rent c/f 2,100 2,440 10,350 10,350 Additional information as at 31 December 2017: (1) On 1 January 2017, club owns sports equipment: RM2,750, furniture: RM900 and office equipment: RM1,170. (2) Sports equipment owned at 1 January 2017 is to be depreciated at 10% p.a. Required: (a) Prepare an Income and Expenditure account for UTAR Fitness Club for the year ended 31 December 2017. (Show relevant accounts). (6) Prepare a Statement of Financial Position (Balance Sheet) for UTAR Fitness Club as at 31 December 2017