ILLUSTRATION 8 (Preparation of Restaurant Trading Account) Show the following information, related to ABC Club in Restaurant Trading Account and Income & Expenditure Account: Stock in Restaurant on 31.3.2010 $. 1,870 and Stock of Crockery on the same day was $. 7,820. On 31.3.2011 the value of Stock in Restaurant was $. 2,820. On 1.10.2010 the Club had purchased Crockery of $. 10,000. During the year 2010-11, the Club had incurred the following expenses : $ Salary 72.000 (including $ 12,500 for Restaurant) Wages 15,780 (including $ 1.870 for Restaurant) Fuel/Gas 7.180 Depreciation @ 10% is to be charged on crockery. Restaurant Takings and $ 1,85,000 and Restaurant purchases during the year 2010-11 were $ 35,290 respectively