Illustration 19: The Balance Sheet of JK Limited as on 31st March, 2015 and 31st March, 2016 are given below. Balance Sheet as on 31.03.11 AS 31.03.15 3.840 1,104 2.736 480 210 31.03.16 Assets 1.920 Fixed Assets 48 Less: Depreciation 960 Net Fixed Asset 360 Investment 672 Cash 624 Other Current Assets 174 (including Stock) 408 Preliminary Expenses 18 5,184 32 1,134 96 131 519 Liabilities 31.03.15 Share Capital 1,440 Capital Reserve General Reserve 816 Profit and Loss A/C 288 9% Debenture 960 Current Liabilities 576 Proposed Dividend 144 Provision for Tax 432 Unpaid Dividend 4,656 4,656 Additional Information: During the year 2015-2016, Fixed Assets with a book value of 2.40,000 (accumulated depreciation ? BASSI 1 was sold for 1.20.000. 2. Provided 4,20,000 as depreciation. 3. Some investments are sold at a profit of 348,000 and profit was credited to Capital Reserve. 4. per cent. The stock was 2.59.200 as on 31.03.15. The stock as on 31.03.16 was correctly valued at3,60.005) It decided to write off Fixed Assets costing 60.000 on which depreciation amounting to 48,000 has bee 5. provided. 6. Debentures are redeemed at 105. Required: Prepare a Cash Flow Statement