kindly help please, thank you.

Question 2 Gifted Women Club is a non-profit youth club in the Corporate Area that engages its members in the buying and selling of paintings that are sold to public to provide income for the club. For the financial year ending December 31, 2020 the clerical officer of the club provided the following information in relation to the club's activities: $ Receipts subscription Sale of paintings Refreshment, etc. sale Donations Other activities Payments 300 000 Electricity 800 000 Purchase of television 600 000 Purchase of paintings 250 000 Refreshments, etc. 200 000 Stipend for clerk Stationery S 120 000 60 000 320 000 280 000 96 000 50 000 . Additional Information: On January 1, 2020 the club had paintings valued at $350 000, while subscription in arrears at that date was $15 000 On December 31, 2020 the club owed $25 000 for electricity, while $10 000 was paid for stationery that was to be received in January 2021. The opening cash balance on January 1, 2020 was $620 000 while paintings in stock on December 31, 2020 were valued at $400 000. At December 31, 2020, members had paid dues in advance of S34 000 Required: (A) i. Explain four (4) differences between accounts for non-profit and for-profit organizations (6 marks) ii. Identify two (2) examples of non-profit organizations in your country and the state the services/functions of EACH (4 marks) (B) Prepare the following statements for Gifted Women Club. i. ii. (4 marks) The Receipts and Payments Account for the year ending December 31, 2020. (8 marks) The subscription account The Painting Trading Account for the financial period. (4 marks) The Income & Expenditure Account for the financial period. 111. (10 marks) iv