Use the information below to answer questions 28 and 29.On January 1,2000, a club's assets and liabilities were as follows: Club house...................₦8,...

Use the information below to answer questions 28 and 29.On January 1,2000, a club's assets and liabilities were as follows:

Club house...................₦8,000

Subscription.................₦300

Cash.........................₦1,000

Wages owed...................₦100The club has 50 members and annual subscription is ₦100 per member.

Subscription received is ₦4,000 and this includes 1999 arrears of ₦200.The accumulated fund is?