21. The Balance sheet of a company as on December 31, is given below: Liabilities Share Capital 1st Year 700,000 2nd Year 900,000 Assets Land and Building 1st Year 2nd Year 200,000 200,000 XII- Account - Model Set 1-2078, GGIC | 4 | Page Share Premium 10% Debenture Bank Overdraft 35000 45000 200,000 100,000 50,000 Plant and Machinery 400,000 480,000 Investment 205,000 350,000 Inventories 200,000 100,000 Accounts Payable Accrued Expenses Provision for tax Retained Earning Total 150,000 20,000 10,000 50,000 70,000 70,000 70,000 1,225,000 1,345,000 100,000 Prepaid Expenses Account Receivables Cash Balance 10,000 160,000 120,000 50,000 80,000 15,000 Total 1,225,000 1,345,000 Additional Information (i) Sales and cost of goods sold for the year Rs. 700,000 and Rs. 400,000 respectively (ii) Operating Expenses Rs. 140,000 (including Depreciation Rs. 48,000 & Interest Rs. 20,000) (iii) Plant having book value Rs. 32,000 sold at profit of Rs. 22,000. (iv) Tax Expenses for the year Rs. 70,000 (v) Dividend distributed Rs. 112,000 Required: Cash flow statement using Direct Method [4+2+2=8] [Ans.: CFOA: Rs. 283,000, CFIA: Rs. (251,000), CFFA: Rs. (2,000)]