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The manager of Book Worm Club approached to request assistance in preparing their financial statements, as their accountant recently resigned. Membership fees are charged at

The manager of Book Worm Club approached to request assistance in preparing their financial statements, as their accountant recently resigned. Membership fees are charged at R100 per month and new members pay R250 administration fees. On 31 December 2022, the end of the financial year, the club had 310 members. 20 members joined on 1 May 2022 and another five members on 1 October 2022. The Morolo family, consisting of 10 members, left the country and terminated their membership on 31 July 2022.
Calculate the amount for membership fees that will be shown in the Statement of Income and Expenditure of Book Worm Club for the year ended 31 December 2022.
A. R384750
B. R378500
C. R371250
D. R365000

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