QUESTION SIX The following trial balance of The Mombasa Golf Club was extracted from the books as on 31 December 2020: Clubhouse Equipment Dr 142,000 18,600 Cr Profits from raffles 6,508 Subscriptions received 183,400 Wages of bar staff 29,200 Bar stocks 1 January 2020 9,400 Bar purchases and sales 41,300 84,600 Green-keepers' wages 21,500 Golf professional's salary 37,000 General expenses 910 Cash at bank 3,924 Accumulated fund at 1 January 2020 29,326 303,834 303,834 Notes: (i) Bar purchases and sales were on a cash basis. Bar stocks at 31 December 2020 were valued at 6,410. (ii) Subscriptions paid in advance by members at 31 December 2020 amounted to 1,870. (iii) Provide for depreciation of equipment 2,400. You are required to: (a) Draw up the income and expenditure account for the year ended 31 December 2020 (b) Balance sheet as at 31 December 2020.