R 15 810 1 860 The following information pertains to the Golf Supporters Club: Balances as at 30 September 20.20 Membership fees received.. Accrued membership fees (30/09/20.19) ..... Membership fees received in advance (30/09/20.19). Advertising expenses. Thierry Henry fund - (30/09/20.19)..... 2 700 2 200 24 000 Additional information The following transactions must be taken into account for the year ended 30 September 20.20: (a) During the current year 12 new members joined the club. The entrance fee per member is R600 and 75% of the entrance fees received should be capitalised and the balance recognised immediately. (b) At year-end accrued membership fees amounted to R2 250 and membership fees already received for to the next financial year amounted to R5 400. 50% of the accrued membership fees balance outstanding at the beginning of the financial year should be written off. (c) On 1 October 20.19, Thierry Henry donated an amount R24 000 to the club, the funds were then invested on the same day in a fixed deposit account with Wenger Bank at an interest rate of 7,5%. The condition for the donation is that the income from the investment should be used to advertise the club and the capital amount can only be used after 10 years. (d) Advertising expenses incurred by the club were R2 200 for the 30 September 20.20 financial year. Use the information provided to calculate the membership fees that should be recognised as income in the statement of income and expenditure for the year ended 30 September 20.20: A. Membership fees amount recognised as income is R13 500. B. Membership fees amount recognised as income is R7 200. C. Membership fees amount recognised as income is R14 430. D. Membership fees amount recognised as income is R15 810