11. a) Calculate net cash flows from operating activities from the following: i) Profit during the year $2,50,000 after considering the following items: a) Depreciation on fixed assets 310,000 b) Amortization of Goodwill 35000 c) Transfer to General reserve 7000 d) Profit on sale of land 3000 ii) The following is the position of current assets and current liabilities Particulars 2018 (5) 2017(3) Debtors 15,000 12,000 Creditors 10,000 15,000 Bills receivable 8,000 9,000 Prepaid expenses 4,000 6,000 b) Give separate Journal Entries for the following: a) X Ltd. forfeited 100 equity shares of # 10 each held by R Ram on 15th December, 2019 for non-payment of first call of 32 per share and the final call of * 3 per share. These shares were re-issued to G Ram on 25th December, 2019 @ $6.50 per share. b) X Ltd. forfeited 100 equity shares of 3 10 each, issued at a premium of 3 5 per share, held by M Ram on 15th December, 2019 for non payment of the final call of 33 per share. These shares were re-issued to Loknath on 25th December, 2019 @ 36 per share 12.. a)Share Capital: Issued, Subscribed and paid up capital: 1,00,000 equity shares of 310 each fully paid 310,00,000 Long Term Borrowings: 12% Debentures 315,00,000 Unsecured Loans 8,00,000 Reserves and Surplus: General reserve 12,00,000 Profit and Loss 31,00.000 Security Premium 32,00,000 The company decides to buy back 20000 equity shares at a price of * 25 per share. State whether the company can do so and if yes pass necessary journal entries. b). Intelligent Ltd., a non-financial company has the following entries in its Bank Account. It has sought your advice on the treatment of the same for preparing Cash Flow Statement. (1) Loans and Advances given to the following and interest earned on them: (1) to suppliers (2) to employees (3) to its subsidiaries companies (ii) Investment made in subsidiary Smart Ltd. and dividend received (iii) Dividend paid for the year (iv) TDS on interest income earned on investments made (V TDS on interest earned on advance given to suppliers (vi) Insurance claim received against loss of fixed asset by fire Discuss in the context of AS3 Cash Flow Statement