You are a collection officer for a Sports Club and you are to prepare a financial statement for 2018 as you will need this information. You already have the following information: Receipts and payments account as at 9 September 2018 Balance b/d 120,000 Canteen creditors 145,600 Subscription 320,000 Fixtures & fittings 46,000 Entrance fees 37,600 Independence fair expenses 22,300 Rental of hall 18,000 Wages for canteen staff 68,000 Rental of lockers 8500 Laundry expenses 7600 Canteen debtors 345,200 Prizes and trophies 8,800 Independence fair 172,300 Utilities 9500 Honorarium-Admin staff 2800 Repairs 4200 Balance c/d 681,600 Additional information: Club house Fixtures and Fittings Sports equipment Canteen debtors Canteen creditors Canteen stock Subscription un arrears Subscription in advance- Accrued hall rental Repairs paid in advance 1,021,600 1,021,600 Aug 30 2017 30 Sept 2018 500,000 64,000 500,000 100,000 50,000 45000 105,000 85,000 66,000 59,000 12,000 24,000 11,500 6,700 2,000 3,400 2,000 700 500 Proceeds from the independence fair are to be utilized for construction of a tennis court. The following accounts are required a. Trading Account for the Independence Fair for the year ended 9. September 2018. (9 marks) b. income and Expenditure Account for the year ended 9 September 2018 (15 marks) c. Balance sheet as at 09 September 2018