From the following extract of Receipt and Payment Account and the additional information, compute the amount of income from subscriptions and show as how they would appear in the Income and Expenditure Account for the year ending March 31, 2015 and the Balance Sheet.
Receipt and Payment Account for the year ending March 31, 2015

Additional Information:

Explanation

Income and Expenditure Account
for the year ending on March 31, 2015

Note: Total amount of subscriptions outstanding as on 31-3-2015 are Rs. 18,500. This, includes Rs. 1,500 (Rs. 8,500 – Rs. 7,000) for subscriptions still outstanding for 2013–14. Hence, the subscriptions outstanding for 2014–15 are Rs. 17,000 (Rs. 18,500 – Rs. 1,500).
Balance Sheet (Relevant Data) as on March 31, 2015

*Relevant data only