Illustration 15 From the following summarised Balance Sheets of Anand Ltd. as at 31st March, 2017 and 31st March, 2018 respectively. you are required to prepare : (a) Statement of Changes in Working Capital; and (b) Statement of Sources and Application of Funds. All workings should form part of your answer. Balance Sheet of Anand Ltd. as at 31st March, 2017 and 2018 Note 31.03.2017 31.03.2018 Particulars No. R) (1) (2) (3) (4) 1. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (1) 1,75,000 2,00,000 (b) Reserves and Surplus (2) 1.15.350 1,12,700 (2) Share Application Money Pending Allotment (3) Non-current Liabilities: (a) Long-term borrowings 40,000 e24 84,450 75,550 24,000 12.000 3,86,800 4,52.250 (4 (4) Current Liabilities: (a) Short-term Borrowings (b) Trade Payables (c) Other Current Liabilities (d) Short-term Provisions - Proposed Dividend on Equity Shares TOTAL II ASSETS (1) Non-current Assets: 1) (a) Fixed Assets () Tangible Assets (b) Non-current Investment - Trade Investment (2) Current Assets : : (a) Current Investments (b) Inventories - Stock-in-Trade (c) Trade Receivables (d) Cash and Cash Equivalents TOTAL (3) 150,050 61.000 1,55,250 76,000 98,000 88,000 (10,250) 3,86,800 1,04,000 85,000 32.000 4,52,250 Notes to Accounts: Particulars 31.03.2017 31.03.2018 (1) Share Capital Issued Subscribed and Paid-up Capital: Equity Shares of 10 each 75.000 1,20,000 10% Redeemable Preference Shares Capital 1,00.000 80,000 1,75,000 2,00,000 (2) Reserve and Surplus Reserve for Replacement of Machinery 15,000 10,000 (0) Profit and Loss Account 1,00,350 1,02.700 1,15,350 1.12.700 (3) Fixed Assets Tangible Assets at Cost 2.40.070 2.53.730 Less: Accumulated Depreciation 90.020 98.480 1,50,050 1,55,250 Additional information (1) During the year, additional equity capital was issued to the extent of 25.000 by way of bonus shares fully paid up. (2) Final dividend on preference shares and an interim dividend of 7 4,000 on equity shares were paid on 31st March, 2018. (3) Proposed dividends for the year ended 31st March, 2017 were paid in October, 2017 (4) Movement in reserve for replacement of Machinery Account represents transfer to Profit and Loss Account. (5) During the year, one item of plant was revalued upward by