Income RM Expenditure RM Members' subscription fees 8,000 Postage: 600 Members = RM440 Non-members = RM160 Interest from fixed deposits 3,500 Bank charges: Members - RM350 Non-members - RM150 500 Sale...

ElegantDress Club has the following income and expenditure account for the year ended 31 December 2020:

Extracted text: Income RM Expenditure RM Members' subscription fees 8,000 Postage: 600 Members = RM440 Non-members = RM160 Interest from fixed deposits 3,500 Bank charges: Members - RM350 Non-members - RM150 500 Sale of annual dinner tickets: 12,000 Costs of annual dinner: Members = RM8,300 10,000 Members = RM9,000 Non-members = RM3,000 Non-members = RM1,700 Sale of club dresses to non- 11,000 Utilities and rates: 12,000 Members - RM9,000 Non-members = RM3,000 members Rental from tenant 72,000 Wages and salaries 30,000 Fees charged to non-members for dress design classes 3,000 Photocopying: Members - RM450 Non-members = RM50 500 Depreciation 30,000 Excess of income over 25,900 expenditure Total 109,500 Total 109,500 REQUIRED: Compute the chargeable income of ElegantDress Club for the year of assessment 2020.