From the following information related to Ralph Welfare Society prepare Income and Expenditure Account for the year ended 31st March, 2010. Dr. RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31st March, 2010 $ Payments 2,200 By Furniture 2,300 By Salaries 17,000 Receipts To Balanc b/d To Interest on Investments To Donations To Subscriptions To Rent Received To Sale of old Newpapers By Miscellaneous Expenses 28,000 By Telephone Charges By Fax Machine 12,000 300 61,800 By Investments By Printing & Stationery By E alance c/d Cr. $ 3,000 14,500 200 12,900 6,000 15,000 400 9,800 61,800 Additional Information Subscriptions received include $ 600 for 2010-11. The amount of Subscriptions Outstanding on 31.03.2010 were $ 500; Salaries during 2009-10 unpaid were $ 700 and Rent receivable was $ 200. 60% of the Donations were to be capitalised. Capital Fund as at 31st March, 2009 was $. 10,200 and club also had investments of $. 8,000.