From the following Receipts and Payments Account, prepare Income & Expenditure Account for the year ended 31st March, 2023:

To Balance b/d (1st April, 2022): Cash Bank

To Subscriptions (including ₹ 200 for 2021-22 and ₹ 150 for 2023-24)

To Investments

To Sale of Furniture

To Sale of Old Newspapers

To Entrance Fees

To Life Membership Fees

5,50

2,800

3,900

850

600

40

100

1,000

By Salaries

By Rent

By Newspapers

By Printing and Stationery

By Postage, Stamps, etc.

By Steel Almirahs

By Defence Bonds

By Balance c/d (Cash) (31st March, 2023)

By Balance c/d (Bank) (31st March, 2023)

3,400

1,200

100

190

130

350

1,000

970

2,500