The Judo Club The following amounts were extracted from The Judo Club for the year ended 30 June 2017: Sales from funding events: R112 850 Purchases from funding events: R67 500 Donations received: R21 600 Membership fees: R191 700 Repairs and maintenance: R10 650 Salaries and wages: R125 600 Membership fees written off: R1 250 Stationery: R1 850 Rent paid: R28 000 Water and electricity: R12 000 Depreciation on equipment: R75 000 Additional information: Entrance fees as per the Statement of Changes in Equity for 2017 is R10 900. All purchases are made cash. There were no non-current asset acquisitions or disposals during the year. The club is registered for VAT and where applicable, VAT is charged at 15% inclusive. Source: Klopper, J. 2020. Required Prepare the Statement of Income and Expenditure of The Judo Club for the year-ended 31 July 2017.