The Bridge Town Cricket Club had the following assets and liabilities at January 1, 2004. Sports equipment $20 000, stocks of refreshments $1 000, creditors for Refreshment $5,500, bank balance $10 000, subscriptions owing $500. During the year the following receipts and payments were made by the treasurer of the cricket club. Receipts $ Subscriptions - Year ended 2003 500 Subscriptions - Year ended 2004 23 000 Subscriptions - Year ended 2005 600 Sale of refreshments 25 800 Sale of raffle tickets 4 200 Payments Printing of raffle tickets Payments to creditors Purchase of sports equipment Wages: Groundsman Sales girl Utilities Rent S 400 15 200 12 600 4 000 3 000 8 000 12 000 Additional information at December 30, 2004, reveals that: 1. Subscriptions owing for the year ended 2004 is $440. 2. Utility bills still outstanding $345. 3. Stocks of refreshment at December 30, 2004, was $6 250. 4. Sports equipment is to be depreciated at the rate of 10 percent per annum. 5. Creditors for refreshment $2 170. 6. Rent prepaid at December 30, 2004, was $300. (a) Prepare a statement to show the opening capital (Accumulated Fund) of the Bridge Town Cricket Club. (5 marks) (6) Prepare the following for the Bridge Town Cricket Club: (1) Subscriptions account (5 marks) (11) Refreshment Trading account (3 marks) (111) Income and Expenditure Account for the year ended December 31, 2004 (7 marks) Total 20 marks