Receipts Balance at bank 1 January 2020 3,900 28.4A The treasurer of the Plumpton Leisure Centre has produced the following receipts and pay ments account for the year ended 31 December 2020: Payments Refreshment supplies bought E 4,320 Subscriptions received 45,060 Profits from dances 4,116 Wages of attendants and cleaners Rent of building 31,400 8,700 890 New equipment bought 18,200 Profit on exhibition 16,290 Travelling expenses of teams 1,900 Refreshment takings 340 70,596 Balance at bank 31 December 2020 6,076 70,596 Sale of equipment Notes: (1) Refreshment inventory was valued: 31 December 2019 680; 31 December 2020 920. There was nothing owing for refreshment inventory on either of these dates. (ii) On 1 January 2020 the club's equipment was valued at 32,400. Included in this figure, valued at 420, was the equipment sold during the year for 340. and income and expenditure accounts (ii) for the year is 5,200. This is in addi- tion to the loss on equipment sold during the year. (iv) Subscriptions owing by members at 31 December 2019 nil; at 31 December 2020 860. Required: (a) Draw up the refreshment trading account for the year ending 31 December 2020. For this purpose 4,680 of the wages is to be charged to this account; the remainder is to be charged in the income and expenditure account. (b) Calculate the accumulated fund as at 1 January 2020. (c) Draw up the income and expenditure account for the year ending 31 December 2020, and a balance sheet as at 31 December 2020.