16 Following is the cash flow abstract of Alpha Ltd. for the year ended 31st March, 2017: Cash Flow (Abstract) Inflows Outflows Opening balance: Cash Payment for 10,000 Account 90,000 Payables Bank 70,000 Salaries and wages 25,000 Share capital - shares issued 5,00,000 Payment of overheads 15,000 Collection on account of Trade Receivables Fixed assets acquired 3,50,000 Debentures redeemed 4,00,000 50,000 Sale of fixed assets 70,000 Bank loan repaid 2,50,000 Taxation 55,000 Dividends (including 1,00,000 dividend distribution tax) Closing balance: Cash 5,000 bank 10,000 10,00,000 10,00,000 Prepare Cash Flow Statement for the year ended 31st March, 2017 in accordance with Accounting standard3