Please answer the question attached in a photo

Question-2: The following is the Receipts and Payments Account of a Sports Club for the year ended 31" December 2014 Receipts Rs Payments Rs Balance 1" Jan. 2014 2,800 Secretary's Salary 3,600 Entrance fee 500 Upkeep of grounds 2,200 Subscription 3,700 Wages to ground men 2,500 Proceeds of concerts 1,500 Ground Rent 200 Interest of Investment 500 Printing and Postage 200 Sundry Repairs 200 Balance on 31" Dec. 2014 5,100 TOTAL 14,000 TOTAL 14,000 1. This item includes subscriptions outstanding brought over from previous year Rs. 400. 2. This item includes Rs.100 in respect of interest accrued in the proceeding period. 3. This item includes Rs.200 applicable to the previous year. 4. This item includes Rs.100 applicable to the previous year. Other ledger balances at the commencement of the accounting period were capital fund Rs. 40,500, Income and Expenditure account credit balance brought forward, Rs. 8,900. Club premises and grounds RS. 30,000, Investments Rs. 10,000. Sports equipment Rs. 2,400, Furniture and fixtures RS. 4,000. Entrance fees are to be capitalized. The outstanding liabilities on 31" December 2014 were: Wages Rs. 200, Sundry repairs Rs. 50, Interest accrued and outstanding on investment was Rs. 150. Depreciate furniture by 5% and sports equipment by 10%. From the above prepare a Balance sheet at the commencement of the period and income and expenditure account for the year ended 31" December 2014, and a balance sheet as on the same date