Question #3 [26 marks) (104 Mackball Club is a club for boys and men who enjoy playing and watching football The dub engages its members in the purchase and sale of gears and football supplies to offset its rome Proceeds fraen the cinbs activities are used to find the operations of the youth's home. On January 1, 2020, the chab had the following balances: Motar van $3,500,000; finiture $500,000 debtors for football supplies $400,000; electricity owing 55,000, book peper's wages paid in advance $14,000; creditors for football $1,200,000. For the financial year ending December 31, 2020 the book Keeper of the chab provided the following infarmation in relation to the club's activities Payments Receipts Electricity 150,000 Members subscriptions 2,300,000 Party stock 500,000 Sale of football supplies 4,400,000 Purchase of football supplies 1,500,000 Refreshment, etc. sale 1,450,000 Refreshments, etc. 480,000 Receipts from parties 1,800,000 Bookkeeper's wages 176,000 Miscellaneous income 430,000 Stationery 80,000 Ret 100.000 Notes: On December 31, 2020 the dub owed $5,000 for electricity, while $10,000 of rent related to January 2021 (11) The opening cash balance on Jamary 1 2020 was $410,000. There was no opening nar closing stocks of football supplies Required: (c) The Accumulated Fund Statement as at January 1, 2020. marlo ) The Receipts and Payments Account for the year ending December 31, 2020. f maris) (6) The Income & Expenditure Account for the financial year ending December 31, 2020. 11 D Focus 19 28C @ 10)