A summary of the cash transactions of Poor Man No Friend Club for the year ended 31 December, 2010 was as follows, GHC GHC Halacha 46 500 Corps Membership Subscription 132.500 Story TESCO Bur Sale 610,000 Bar Expenses Sales of Cecen Ticket 112.500 Serty's Expo 5.750 Office Equipment Bar Suppliers 01250 Office Expenses Traveling Espomes Office Rent Application Fee 10.000 Balance 501.500 The following information is relevant Assets and Liabilities of the Club was as follows: 31/12/2010 31/12/2009 GHC GHC Office Equipment 70,000 Furniture 60,000 Bar Stock 49,000 34,000 Owings to Bar Suppliers 38,750 30,000 Subscription in Advance 5.000 4,000 Subscription in Arrears 26,000 20,000 2 Office Equipment is to be depreciated at 20% on cost and Furniture at 15% on cost. Required: Prepare Statement of Accumulated Fund for the Club (5 marks) 1. Bar Trading Account (Smarks) Income and Expenditure (7 marks) Statement of Financial Position (8 marks)