Illustration 10 From the following summarised financial statement of Abee Ltd as at 31st December, 2016 and 31st December, 2017 respectively, prepare : (1) a Statement of Changes in Working Capital during the calendar year 2017; and (ii) a Statement showing Sources and Applications of Funds during the same period. Balance Sheet of Abee Ltd. as at 31st December, 2016 and 2017 Note 31.12.2016 31.12.2017 Particulars No. (0) (2) (3) I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital 15,00,000 20,00,000 (b) Reserves and Surplus (1) 9,60,300 12,40,640 (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (a) Long-term Borrowings - Secured 8,60,000 8,60,000 (4) Current Liabilities: (a) Short-term Borrowings (b) Trade Payables 11,79,700 12,39,360 (c) Other Current Liabilities (d) Short-term Provisions - Proposed Dividend 1,00,000 1,50,000 TOTAL 46,00,000 54,90,000 II. ASSETS (1) Non-current Assets : (a) Fixed Assets () Tangible Assets 27,05,000 30,60,400 (b) Non-current Investments 50,000 75,600 (2) Current Assets : (a) Current Investments (6) Inventories - Stock-in-Trade 8,40,430 9,16,340 (c) Trade Receivables 9,85,370 13,68,650 (d) Cash and Cash Equivalents 19,200 69,010 TOTAL 46,00,000 54,90,000 Notes to Accounts: Particulars 01.01.2017 31.12.2017 ] (1) Reserve and Surplus 0 Securities Premium 50,000 c) General Reserve 6,00,000 7,00,000 iii) Profit and Loss Account 3.60 300 4,90,640 9,50.000 12,40,640 (3) Tangible Assets (0) Land 2.30.000 2,30,000 Building (at cost less depreciation) 6.40.000 6,10,000 (ii) Plant and Machinery (at cost less depreciation) 18.35.000 22,20,400 27.05.000 30,60,400 During 2017, depreciation provided on assets amounted to: Buildings - 30,000, and Plant and Machinery - 32,40,500. The final dividend for the year 2016 amounted to 1,00,000 was paid on 8th July, 2017 (2) e19