Madhuri Ltd. gives you the following information for the year ended 31st March, 2016:

(a) Sales for the year totalled Rs.96,00,000. The company sells goods for cash only.

(b) Cost of goods sold was 60% of sales.

(c) Closing inventory was higher than opening inventory by Rs.43,000.

(d) Trade creditors on 31st March, 2016 exceeded those on 31st March, 2015 by Rs.23,000.

(e) Tax paid amounted to Rs.7,00,000.

(f) Depreciation on fixed assets for the year was Rs.3,15,000 whereas other expenses totalled Rs.21,45,000. Outstanding expenses on 31st March, 2015 and 31st March, 2016 totalled Rs.82,000 and Rs.91,000 respectively.

(g) New machinery and furniture costing Rs.10,27,500 in all were purchased.

(h) A rights issue was made of 50,000 equity shares of Rs.10 each at a premium of Rs.3 per share. The entire money was received with applications.

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(i) Dividends totaling Rs. 4,00,000 were distributed among shareholders.

(j) Cash in hand and at bank as at 31st March, 2015 totaled Rs.2,13,800.

You are required to prepare a cash flow statement using direct method