From the following Income and Expenditure Account and the Balance Sheet of a club, prepare its Receipts and Payments Account for the year ended 31-3-1998: Income and Expenditure Account for the year 1997-98 $. $. To Upkeep of Ground 10,000 By Subscriptions 17,320 Printing 1,000 Sale of Newspaper (old) 260 Salaries 11,000 Lectures 1,500 Depreciation on Furniture 1,000 Entrance fee 1,300 Rent 600 Misc. Income 400 Deficit 2,820 23,600 23,600