Question 6 The Mount Rugby Club provided the following information. 1 May 2016 $ 770 30 April 2017 $ 600 585 2630 4 820 Subscriptions owing Subscriptions in advance Inventory Trade payables 480 1960 3 640 During the year ended 30 April 2017. $11 935 was received from members. This included $550 from those in arrears at 1 May 2016, the remaining balance of $220 is to be written off. Payments made to suppliers by cheque $29 375 Cash purchases $1 490 Discount received $225 The shop made a 20% gross profit margin. (a) Prepare the subscriptions account for the year ended 30 April 2017. Balance the account on this date and bring the balance down on 1 May 2017. (b) (i) Prepare the trade payables ledger control account for the year ended 30 April 2017. Balance the account on this date and bring the balance down on 1 May 2017. (ii) Calculate the total purchases for the year ended 30 April 2017. (iii) Prepare the trading section of the income statement for the year ended 30 April 2017