CASH FLOW STATEMENT Q # 10 The accounting record of KASHIF LTD. showed the following balances at the end of year 2016 and 2017: Year-2017 Year-2016 Debit Rs. Rs. Cash 220,000 170,000 Accounts Receivables 275,000 90,000 Merchandise Inventory 120,000 185,000 Equipment 300.000 250,000 Copyrights and patents 20,000 25,000 Goodwill 40.000 35,000 Total 975,000 755,000 Credit Accounts Payable 24,000 30,000 Accumulated dep. (Equipment) 28,000 10,000 Allowance for uncollectible 16,000 12,000 accounts Bonds payable 500,000 335,000 Share Capital 370,000 340,000 Retain Earning 37,000 28,000 Total 975,000 755,000 Additional Information: Declared cash dividend Rs. 40,000 and also paid for the current period. Equipment costing Rs. 30,000 was sold at Rs. 28,000. The book value at the time of sale of equipment was Rs. 25,000. Required: Prepare Cash Flow Statement for the year ended December 31, 2017 showing the following clearly: a. Cash flows from operating activities. b. Cash flows from investing activities. C. Cash flows from financing activities