LLUSTRATIO: 7 (Calculation of Current Year's Expenditure) During 2009-10 the salaries paid amounted to $. 21,200. Calculate the amount chargcable to Income and Expenditure Account for the year ending on 31" March, 2010 from the following additional information : $ Prepaid Salaries on 31March, 2009 2,500 Prepaid Salaries on 31 March, 2010 800 Outstanding Salaries on 31st March, 2009 1,000 Outstanding Salaries on 31 March, 2010 950