b) Prepare the Statement of Income and Balance sheet for the IQRA SportClub below:- 2020 Donation by authorities 10,000 Member fees collection 5,000 Selling flower at Market 1,500 Cash and cash equivalents 900 Account receivable 875 Plant assets 950 Accumulated depreciation (600) Long-term investments 650 F&B Expenses 3,000 Travelling for meeting 500 Oils for mowing the grass 300 Accounts payable 600 Accrued liabilities Retained Earnings *Retained earnings figure is the balancing figure calculate based on the surplus from its income and compare to the total Assets and Liabilities. 100