From the following Balance Sheets of Swarna Ltd., you are required to prepare: (1) A Schedule of changes in working capital; and (2) A statement of sources and application of fund Balance Sheet Liabilities 2000 2001 Assets 2000 2001 3 Current liabilities 30,000 32,000 Cash 40,000 44,400 deb Bonds payable 22,000 22,000 Debtors 10,000 20,700 Bonds payable Stock 15,000 15,000 discount (2,000) (1,800) Land 4,000 par: 4,000 e Capital stock 35,000 43,500 Buildings 20,000 16,000 Retained earnings 15,000 19,500 Machinery 15,000 17,000 Accumul. depreciation (5,000) (2,800) Patents 1,000 900 1,00,000 1,15,200 1,00,000 1,15,200 Funds Flow Statements Additional information: 1. Income for the period 10,000 2. A building that cost 4,000 and which had a book value of 1,000 was sold for 1,400. 3. The depreciation charge for the period was 800. 4. There was 5,000 issue of common stock. 5.53 5. Cash dividends 2,000 and a 3,500 stock dividend were declared. Ans Increase in working capital, 13,100)