Question 02 Dynamic Sports Club's trial balance as at 31st Dec 2020 is given below. The club operates its own restaurant to generate additional income for running the club. Dynamic Sports club's trial balance as at 31st Dec 2020 Dr Cr $ S Sports Equipment 765,000 Club Premises 2,664,000 Subscription received 317,892 Sale of event tickets 54,000 Salaries of restaurant staff 427,500 Furniture and fittings 473,400 Rates and insurance 171,900 General expenses 36,450 Event expenses 18,000 Accumulated fund 1 Jan 2020 3.754,440 Donation received 32,400 Telephone and postage 40,320 Bank 18,360 Restaurant purchases 861,480 Creditors for restaurant supplies 93,600 Restaurant sales 1.514.250 Restaurant stock as at 1" Jan 2020 290,172 Total 5,766,582 5,766,582 The following additional information is also available: i. Restaurant stocks as at 31st Dec 2020 S212,580 ii. Provide for depreciation: Sports equipment S 153,000; Furniture and fittings S 118,350. Requirement: A. Prepare the income statement for the year ended 31st December 2020 for Star Sports Club Restaurant B. Prepare the Income and Expenditure Account for the year ended 31st December 2020 for Star Sports Club C. Prepare the Statement of Financial Position as at 31st December 2020 for Star Sports Club