III. From the following summarized Cash Account of S Ltd., prepare cash flow statement for the year ended 31st March 2018 in accordance with AS 3 (revised) using direct method. Opening Balance Summarized Cash Account 50,000 Issue of share capital 300,000 Payment to suppliers 20,00,000 Received from customers 28,00,000 Purchase of Fixed assets 200,000 Sale of fixed assets 1,00,000 Overhead Expenses 2,00,000 Wages and salaries 1,00,000 Tax Paid 2,50,000 Dividend paid 50,000 Bank Loan 3,00,000 Closing balance 150,000 32,50,000 32.50,000 [6]