From the following Balance Sheets of Mr. Patel on 1st April, 2007 and 31st. March, 2008, prepare Cash Flow Statement:

Balance Sheets Liabilities 1.4.2007 31.3.2008 Assets 2006 31.3.2008 Rs. Rs. Rs. Rs.

Current Liabilities 72,000 82,000 Cash 8,000 7,200 Long-term Loan 60,000 90,000 Debtors 70,000 76,800 Capital 2,96,000 2,98,000 Stock 50,000 44,000 Land 40,000 60,000 Building 1,00,000 1,10,000 Machinery 1,60,000 1,72,000 4,28,000 4,70,000 4,28,000 4,70,000 [Ans.: Net Cash from Operating Activities Rs. 11,200; Net Cash Used in Investing Activities Rs. 42,000; Cash Flows from Financing Activities Rs. 30,000; Net Decrease in Cash and Cash Equivalents Rs. 800]