Harmony Health, a fitness and wellness center, opened in May 2017. The company did not record any transactions since its opening, but carefully kept track of all its cash receipts and cash payments. The following information is available at the end of its first year of operation, April 30, 2018.

Cash Receipts and Cash Payments (Rs. in thousands)

Cash Receipts	Cash Payments
Issue of Common Shares	95,000
Membership fees and services	270,000
Purchase of fitness equipment	100,000
Rent	22,000
Insurance	8,000
Advertising	14,000
Utility bills	11,000
Salaries	100,000
Telephone	6,500
Income tax	45,000
Total	365,000

Additional Information:

1. At the end of April, customers owe Harmony Health Rs. 12,500 for services they have received but not yet paid for.
2. The fitness equipment was purchased at the beginning of May and has an estimated useful life of ten years.
3. On May 1, the company began renting space at a cost of Rs. 2,750 per month on a one-year lease. As required by the lease contract, the company paid the last month's (May 2018) rent in advance.
4. The insurance policy was purchased on May 1 and is effective for one year.
5. At April 30, Rs. 11,000 is owed for unpaid salaries.
6. At April 30, an additional Rs. 9,500 is owed for income taxes.

Required:

In good format, and making whatever assumptions you feel appropriate:

a. Calculate the cash balance at April 30, 2018. b. Prepare an accrual-based Income Statement, and Statement of Financial Position (Balance Sheet) for the year ended April 30, 2018.