The following are the transactions of the Goodrow Athletic Club for the six months ended 30 June 2000. The only assets and liabilities of the club at 1 January 2000. R Cash in hand 112 Furniture 700 Creditors 96 Subscriptions due for the six months 730 Subscriptions received in cash (including R50 in advance for July) 640 Amount paid for purchase of sports ground 400 Refreshments purchased by club for cash 756 Cash received on loan 600 Paid creditors 96 Ground man's wages for six months amount to R120, of which 100 has been paid. Sales of refreshments for cash 1312 Stock on refreshment on hand, 30 June 2000 56 General expenses paid in cash 64 Furniture is to be depreciated at the rate of 20% per annum. Required (a) Cash receipts and payments. (b) Income and expenditure account for the six months with balance sheet.