The Balance Sheets of Work well Private Ltd.. as on 31st March, 1991 and 31st. March, 1992 are as given below:

31, March 31, March Liabilities 1991 1992 Rs. Rs.

Issue Share Capital 3,00,000 3,50,000

(Shares of Re. 1 each)

Capital Reserves:

Share Premium — 10,000 Profit on Sale of Freehold Land — 2,900 Profit and Loss Account 32,000 60,000 11% Debentures 50,000 —

Current Liabilities 64,000 68,000 4,46,000 4,90,900 Assets Freehold Properties at cost 20,000 16,000 Plant & Machinery at cost

(Less: depreciation) 2,86,000 3,08,000 Current Assets 1,38,400 1,66,100 Preliminary Expenses 1,600 800 4,46,000 4,90,900 The whole of the share capital of the company was issued for cash. Depreciation on plant and machinery written off during the year to 31st March, 1992 amounted to Rs. 28,000. During the same year company paid a dividend of Rs. 15,000.
Prepare statements showing: (i) the net increase in working capital during the year ended 31st March, 1992, and (ii) the sources and application of funds during the year.