from the following Receipts and Payments Account of Friends Club for the year ended 31st March 2019 prepare Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date:

Additional Information
(i) In the beginning of the year the club had books of Rs 3,00,000 and furniture of Rs.58,000.
(ii) Subscriptions in Arrears on 1st April 2018 were Rs. 6,000 and Rs 7,000 on 31st March 2019.
(iii) Rs. 18,000 was due by way of Rent in the beginning as well as at the end of the year.
(iv) Write off Rs. 5,000 from Furniture and Rs. 30,000 from Books.