You are a student of Nirwa College of Technology doing your academic projecten working efficiency of NA for Profit Organizations in Oman. As part of your project, you visit Noorjalan Sports & Arts Club in your locality. You have observed and noted down points on membership, working, management and preparation (a) Analyzing these points, what did you find out? Based on your findings, what opinion can you from mark th) Analyzing the Recipes and payments Account and the income and Expenditure account items, what do you wote? Why is it so? Explainin detail The following information about Noorjahan Sports & Arts Club for the year ending 31 December 2019 is presented before you Receipts and Payments account for the year ended 31 December, 2019 Amount Receipts Balanced Amount Payments 5.000 Rent 8.500 25.000 Subscriptions Donation General purpose) Donation for building fund Miscellaneous receipts 2.500 5.000 58,000 800 2 Sundry expenses Investments purchased Journals Sports equipments purchased (30.06.2019) Sale of art works 100 30,000 40 Interest Balance eld 1.10.200 1201200 Subscriptions outstanding at the end of 2018 were RO 5500 and at the end of 2019 were RO 8000. Salaries outstanding at the end of 2018 and at the end of 2019 were RO 3.500 and RO 4,000 respectively. The depreciation for furniture is 10% per annum and sports equipments 20% On 31 December 2018, the club had investments worth RO 20,000, furniture RO 15.000 and sports equipments valued at RO 24,000 You we required to prepare i income and expenditure account for the year ended 31 December 2019 and 3 marks il Balance Sheet as on the date. mark 18+6+3+3= 20 marks)