Following is the Receipt and Payment Account of Women's Welfare Club for the year ended December 31, 2017: Receipts Amount Re 7,250 Subscription $1,750 Donations 3,000 Gran from Government Sale of Receipt and Payment Account for the year ending December 31, 2017 Proceeds of charity show 15,000 300 16,500 Payments Salary Stationery Electricity Equipments Petty expenses Amoual R 1,700 9,550 7,550 30,000 500 Interest on investments @ 10% for full year Sundries income 7,000 400 1,31,200 Additional Information: Equipments Building 01.01.2017 Rs 1,200 Outstanding salaries Insurance prepaid 700 Subscription 3,750 outstanding Subscription received 1,750 in advanced Electricity charges outstanding Stock of stationery 2250 25,600 1,20,000 Expenses on charity show Newspapers Lectures fee Honorarium to Secretary Balance c/d Rs 1,800 300 2,500 31.12.2017 1,000 1250 12,900 27,050 1,31,200 750 1,000 16,500 12,000 50,200 1,14,000 Prepare Income and Expenditure Account for the year ended December 31, 2017 and Balance Sheet as on that date.