Illustration 11. XYZ Ltd. Company's Comparative Balance Sheet for June 2010 and June 2009 and the Company's In Statement for the year June 30, 2010 are as follows: XYZ Ltd. Comparative Balance Sheet June 2010 and June 2009 a 55 (Rs.in 2010 Sources of funds: Shareholder's funds Share Capital Loan funds 140 110 140 92 250 135 385 Application of funds Fixed Assets 2010 309 430 (218) 212 (194) 60 Plant and Equipment Less : Accumulated depreciation Investments Current Assets Inventory Accounts receivable Pre-paid expenses Cash LAS Less: Current liabilities and provisions Accounts payable Accrued liabilities Deferred income tax provision 205 180 17 160 270 20 26 428 32 988 389191 10 230 70 15 315 378 310 60 113 82 385 XYZ Ltd. Income Statement For the year ended June 30, 2010 (Rs.in Sales Less: Cost of goods sold Gross margin Less: Operating expenses Net operating income Non-operating items: Loss on sale of equipment Income before taxes Less : Income-taxes : Net income Additional information: (i) Dividends of Rs.48 crores were paid in 2010. (ii) The loss on sale of equipment of Rs.4 crore reflects a transaction in which equipment with ano cost of Rs.12 crore and accumulated depreciation of Rs.5 crore were sold for Rs.3 crore in cash Required: Using the indirect method, determine the net cash provided by operating activities for 2010 and con a statement of cash flows