At the beginning of the year, a club's Membership Subscriptions account showed a debit balance...

At the beginning of the year, a club's Membership Subscriptions account showed a debit balance of $500 and a credit balance of $225. During the following year, subscriptions received amounted to $12000.

At the end of the year, subscriptions paid in advance amounted to $200, and subscriptions in arrears, and expected to be collected, amounted to $150.

The amount to be transferred to the income and expenditure account for the year is