The treasurer of the Plumpton Leisure Centre has produced the following receipts and payments account for the year ended 31 December 2004:

Receipts Payments

	Shs		Shs
Balance at bank 1 January 2004	3,900	Refreshment supplies bought	4,320
Subscriptions received	45,060	Wages of attendants and cleaners	31,400
Profits from dances	4,116	Rent of building	8,700
Profit on exhibition	890	New equipment bought	18,200
Refreshment takings	16,290	Travelling expenses of teams	1,900
Sale of equipment	340	Balance at bank 31 December 2004	6,076
	70,596		70,596

Notes:

1. Refreshment stocks were valued: 31 December 2003 Shs 680; 31 December 2004 Shs 920. There was nothing owing for refreshment stocks on either of these dates.

1. On 1 January 2004 the clubs equipment was valued at Shs 32,400. Included in this figure, valued at Shs 420, was the equipment sold during the year for Shs 340.

1. The amount to be charged for depreciation of equipment for the year is Shs 5,200. This is in addition to the loss on equipment sold during the year.

1. Subscriptions owing by members at 31 December 2003 nil; at 31 December 2004 Shs 860.

You are required to:

a) Draw up the refreshment trading account for the year ended 31 December 2004. For this purpose Shs 4,680 of the wages is to be charged to this account; the remainder is to be charged in the income and expenditure account.

b) Calculate the accumulated fund as at 1 January 2004.

c) Draw up the income and expenditure account for the year ended 31 December 2004, and a balance sheet as at 31 December 2004.