The following was the Receipts and Payments Account of Exe Club for the year ended March 31, 2016 All the figures in thousands Receipts Payments Cash in hand 100 Groundsman's Fee 750 Balance at Bank as per Pass Book: Moving Machine 1,500 Deposit Account 2,230 Rent of Ground 250 Current Account 600 Cost of Teas 250 Bank Interest 30 Fares 400 Donations and Subscriptions 2,600 Printing & Office Expenses 280 Receipts from teas 300 Repairs to Equipment 500 Contribution to fares 100 Honorarium to Secretary and Sale of Equipment 80 Treasurer of 2015 400 Net proceeds of Variety Balance at Bank as per Pass Book: Entertainment 780 Deposit Account 3,090 Donation for forth coming Current Account 150 Tournament 1,000 Cash in hand 250 7,820 7,820 You are given the following additional information: April, 1, 2015 March, 31, 2016 Subscription due 150 100 Amount due for printing etc. 100 80 Cheques unpresented being payment for repairs 300 260 Estimated value of machinery and equipment 800 1,750 Interest not yet entered in the Pass book 20 Bonus to Groundsman o/s. 300 For the year ended March 31, 2016, the honorarium to the Secretary and Treasurer are to be increased by a total of 200. Required Prepare the income and Expenditure Account for period ending 31-03-2016 and the relevant Balance Sheet