From the following Balance Sheets of X Ltd., make out the statement of sources and uses of cash.

Balance Sheets Liabilities 2007 2008 Assets 2007 2008 Rs. Rs. Rs. Rs.

Equity Share Capital 3,00,000 4,00,000 Goodwill 1,15,000 90,000 8% Redeemable Preference Land and Buildings 2,00,000 1,70,000 Share Capital 1,50,000 1,00,000 Plant 80,000 2,00,000 General Reserve 40,000 70,000 Debtors 1,60,000 2,00,000 Profit and Loss A/c 30,000 48,000 Stock 77,000 1,09,000 Proposed Dividend 42,000 50,000 Bills Receivable 20,000 30,000 Creditors 55,000 83,000 Cash in Hand 15,000 10,000 Bills Payable 20,000 16,000 Cash in Bank 10,000 8,000 Provision for Taxation 40,000 50,000 _______ _______ 6,77,000 8,17,000 6,77,000 8,17,000

(a) Depreciation of Rs. 10,000 and Rs. 20,000 have been charged on Plant and Land and Buildings respectively in 2008.

(b) An interim dividend of Rs. 20,000 has been paid in 008.

(c) Rs. 35,000 Income Tax was paid during the year 2008.