The following statement has been prepared for the XYZ Social Club: Receipts and Payments Account for the year ended 30 April 2014 TZS TZS Balance at bank at 1 May 2013 1,950,000 Payment for food and drink 6,320,000 Subscriptions 4,975,000 Wages 8,790,000 Cafeteria takings 11,860,000 New furniture 600,000 Receipt from members for trip to Bangkok 10,900,000 Insurance 430,000 Letting of club premises 3,100,000 Annual social expenses 760,000 Sale of tickets-annual social 720,000 Lighting and heating 510,000 Purchase of new video machine 420,000 Publicity expenses 335,000 Expenditure for trip to Bangkok 10,650,000 General Expenses 215,000 Repairs & maintenance 870,000 Balance at bank at 30 April 2007 3,605,000 33,505,000 33,505,000 Following additional information at 1 May 2013 TZS Club premises, valued at cost 32,000,000 Furniture 1,800,000 Equipment(including old video machine valued at TZS 40,000) 860,000 Stock of food and drink 1,800,000 Insurance prepaid 40,000 Creditors for food and drink 165,000 Lighting and heating accrued 130,000 Subscriptions: in arrears(paid in May 2013) 170,000 Subscription : in advance 120,000 Following additional information at 30 April 2014 TZS Stock of food and drink 1,650,000 Creditors for food and drink 470,000 Insurance prepaid 55,000 Lighting and heating accrued 110,000 Subscriptions in arrears 290,000 Subscription in advance 90,000 During the year, the club wrote off the old video machine. Depreciation is calculated at 25% of the book value of furniture and equipment at 30 April 2014. Charge 60% of wages to the cafeteria. Required: (a) Calculate the Accumulated Fund at 1 May 2013 (b) Prepare the Cafeteria Account for the year ended 30 April 2014 (c) Prepare the Income and Expenditure Account for the year ended 30 April 2014​