From the following data, prepare an Income and Expenditure Account for the year ended 31st December, 1998, and a statement of affairs as at that date of the Winnie Palmer Hospital: Receipts and payments Account for the year ended 31st Dec, 1998 To Balances: Rs. By Salaries: $, Cash 400 (S. 3,600 for 1997) 15,60 Bank 2,600 3,000 Hospital Equipment 8,50 Furniture purchased 3,0 To Subscriptions: By Additions to Building 25,0 For 1997 2,550 Printing an Stationery 1,20 For 1998 12,250 Diet Expenses 7,80 For 1999 1,200 Rent and Rates ($. 150 for 1999) 1,0 Government Grant: Electricity and Water charges 1,20 For Building 40,000 For Maintenance 10,000 Office expenses Investments 1,00 10,00 Fess from David patients 2,400 Balances: Donations (not to be capitalised) 4,000 Cash 700 Net collection from benefit shows 3,000 Bank 3,400 4,100 78,400 78,400 Additional Information:- Value of building under construction as on 31.12.1998 Value of hospital equipment on 31.12.1998 Building fund as on 1.1.1998 Subscription in arreais as on 31.12.1997 $.70,000 25,500 40,000 3.25 Investments in 8% Government securities were made on ist july, 1998