Q3. From the following particulars, prepare Income and Expenditure account: Details Fees collected, including RO 80,000 on account of the previous year Fees for the year outstanding Salary paid, including RO 5,000 on account of the previous year Salary outstanding at the end of the year Entertainment expenses Tournament expenses Meeting Expenses Traveling Expenses Purchase of Books and Periodicals, including RO 31,000 for purchase of Books Rent Amount RO 5,20,000 30,000 68,000 3,000 8,000 25,000 18,000 7,000 40,000 15,000 6,000 18,000 25.000 Postage, telegrams and telephones Printing and Stationery Donations received