18. (Red Cross provides following information): -- (Balance Sheet as on 1-1-2018) (Liabilities) Amount Assets Amount (Capital fund ) (Loan) 60.000 4,00,000 (Fixed assets) (Investments) 3,00,000 1.00.000 (Closing 60,000 cash balance) (Total) 4,60,000 (Total) 4,60,000 -- Receipts and payments of Red Cross are given below as on 31-12-2018 greft (Receipts) (Subscriptions) Rs. 50.000 (Entrance fees) Rs. 30,000 (interest on investment) Rs.5,000 (Sale of old Furniture) Rs.5,000 (Payment) (Tournament expenses) Rs. 10,000 ( wages) Rs. 20,000 (Printing) Rs. 7,500 (General expenses) Rs. 12,000 ( Newspaper ) Rs. 1.800 (Other information and outstanding are given below): (a) (b) (c) . . ( Printing outstanding Rs. 500 and wages outstanding Rs. 3,000) % (40% of the entrance fee is to be capitalized) % (Fixed assets depreciate by 10%) (d) , (Subscription due for the year Rs. 22,000) (Required): a. (Receipts and payment a/c ) b. (Income and Expenditure a/c) (2+3)