The AmBen Theatre Club has been in existence for a number of years. Members pay an annual subscription of $15 which entitles them to join trips to professional productions at a reduced rate.

From the following information prepare subscriptions account for the year ended 31 December 2021, showing subscriptions that will appear in the income and expenditure account for the year.

1. Subscriptions received during the year $45,060
2. Subscriptions owing at the end of 31 December 2020 $270
3. Subscriptions paid in advance at the end of 31 December 2020 $300
4. Subscriptions owing at the end of 31 December 2021 $375
5. Subscriptions paid in advance at the end of 31 December 2021 $225