QUESTION 1 The trial balance of the Parker Exclusive Mens Clubs at 31th May 2020 is as follows GHS 28744800 Accumulated fund (1/06/2019) Massage Palour Inventory at beginning (1/06/2019) 5481000 Massage Palour Purchases 10312400 Building (Cost) 26024600 Equipment (Cost) 3248000 Furniture and fittings (Cost) 2030000 Subscriptions 2436000 Affiliation Fees 304500 Savings Account 6902000 Venue of the Weekend in Paradise Trip" 142100 Executive Mens Club Entrance fees 243600 Massuer's Wages and Salaries 1015000 Accumulated Depreciation Building Equipment Furniture and Pittings 10409840 812000 203000 974400 Salaries Rent 389760 "Weekend in Paradise Trip" expenses 243600 Administrative expenses 706440 Interest on Savings account 385700 Sale of "Weekend in Paradise Trip tickets 3085600 Bank account (Current) 5075000 Donation for "Weekend in Paradise Trip" 751100 Revenue from Massage Palour 15428000 Life membership fees 751100 Utilities 401940 126501480 Additional Information 1096200 1. Massage Palour inventory (31st May 2020) 2. Subscription paid in advance by member for the year 2020/2021 487200 3. Depreciation : Building 2% per annum, Equipment 25% 10% per annum 4. Interest on saving includes an amount from the 2018/2019 year 20300 5. Affiliation fees was paid for the next 3 years on 1 June 2019 6. Utilities were prepaid at the end of the year 56840 81200 7. Salaries were accrued at the end at the end of the year 8. Parker Exclusive Mens Club organised a "Weekend in Paradise Trip" for its members during the year 9. The Parker Exclusive Mens Club is affiliated to the International Association of Executive Clubs REQUIRED: 1. Prepare an Income and Expenditure Statement and a Statement of Financial Position for the 2019/2020 Financial year 2. Use the information in 1. to fill the attached excel form