Question 3 (21 marks) Hixon Sports Club provided the following information. a) State the equivafent of a receipts and payments account for a trade organisation. (1 mark) b) Identify which one of the following would be included in the club's receipts and payments account if it provides a restaurant for its members. ( 1 mark) A. Restaurant depreciation B. Restaurant inventory C. Restaurant profit D. Restaurant purchases c) Identify which one of the following would be included in the income and expenditure account. (1 mark) A. Subscriptions in advance B. Subscriptions in arrears C. Subscriptions received D. Subscriptions written off d) Calculate the accumulated fund at 1 December 2018 . ( 2 marks) e) Prepare the subscriptions account for the year ended 30 November 2019. Balance the account on this date and bring the balance down on 1 December 2019 . (8 marks) During the year ended 30 November 2019$15,620 was received by cheque for subscriptions. This included $480 from those in artears at 1 December 2018 . The remaining balance was written off. f) Prepare the statement of financial position at 30 November 2019. 8 marks)