Question Three Wazuri ni sisi players society was formed on 1st April 2015 with a membership of 40. The society rules provide that each member must pay an entrance fee of sh 2000 on the date of joining. Annual subscription is shs 30,000 per member. At the end of the first year on 315 March 2016, the treasure of the society provided the following information 1. All members had paid their subscriptions for the year except three members. 2. Six members had in addition to the current year, paid subscription for the year commencing 15 April 2016 3. Some acting costumes were purchased for shs 225,000. by cash during the year. These are expected to be used by the society for at least five years. After which their value would have been depreciated by equal annual amounts to zero. 4. Total petty expenses for various plays cost sh 3500 5. A raffle to augment the society's funds raised shs 360,000 6. A dance conducted during the year raised shs 684,000 the dance expenses costed shs 87,000 7. Hire of theatre rooms cost shs 120,000 per evening. The rooms were used for eight occasions. Payment has yet to be made for two of the occasions. 8. Salary paid for the workers amounted to shs 600,000 while secretarial expenses paid were shs 270,000. Required: i. A receipts and payments account for the ended 31" March 2016. (7marks) ii. An income and expenditure account for the year ended 31st March 2016. (7marks) balance sheet March, 2010 (6marks) as at 31