Details Date 2010 Amount Shs 75,000 150,000 1.1 Amount Date Details Shs 2010 10,000 Grounds man wages 283,000 Purchase of mowing machine 260,000 Rent of grounds Cash in hand Balance at bank 1.1 25,000 30,000 Cost of Tea party 25,000 Donations and Subscriptions Receipts from tea party sales Donations for traveling Sale of Equipment Net proceeds from Dinner Bank Interest 10,000 8,000 78,000 3,000 Travelling expenses Printing and stationery Repairs to equipment Honoraria to Secretary and Treasury Balances: 31.12 Cash in Hand Bank 40,000 28,000 50,000 40,000 31.12 25,000 224,000 682,000 682,000 Additional Information: Balances on: 1. Jan 2010 31 Dec 2010 Subscriptions due in (Shs) 15,000 10,000 Amounts due for printing and stationery (Shs) 10,000 8,000 Un-presented cheques made for repairs (Shs) 30,000 25,000 Bank interest not entered in the cashbook as at 2,000 31.12.2010 (Shs) Estimated value of machine and equipment 80,000 175,000 (Shs) For the year ending 31" December 2010, the honoraria to the treasurer are to be increased by Shs 20,000, and the grounds-man is to receive a bonus of Shs 20,000. The equipment sold had been bought at Shs 2000 Required: 1. Compute the opening balance of the accumulated fund. (4 marks) ll. The income and expenditure account for the year ended 31" December 2010 (7 marks) Ill. The balance sheet as at 31 December 2010