10. The balance sheets and income statements of a Company Ltd, have been given below: Balance Sheet Liabilities Year! Year 10 Assets Year! Year II Equity share capital 80.000 100,000 Land and building at Share premium 8,000 10,000 COS 40,000 50,000 Bank loan 20.000 plant and machinery Accounts payable 15,000 10,000 at cost 50,000 70,000 Outstanding wages 5,000 6,000 Acc. depreciation (10,000) (16,000) Provision for taxation 8,000 10,000 Inventories 30,000 40,000 Profit and loss 14,000 24,000 Accounts receivable 20,000 15,000 Provision for doubtful debts bbili 4 (4,000) (3.000) Cash at bank 4,000 24.000 130,000 180,000 130.000 180,000 Income Statement Particulars Rs. Rs. Sales 100,000 Less: Cost of goods sold Purchase 50,000 Add Beginning inventory 30,000 Less: Ending inventory (40,000) 40,000 Wages 12.000 Total cast of goods sold 52,000 Gross margin 48,000 Less: Operating expenses 10,000 Interest on bank loan 2,000 Depreciation on machinery 10,000 Provision for taxation 8,000 Loss sales of machine (cost 10,000, accumulated depreciation Rs. 4,000) 4.000 Total operating expenses Net income 14,000 Required: Statement of cash flow Ans: CFOARs.20,000; CFIA (Rs. 38,000); CFFA Rs.38.000 34.000