NNS Hospitals Ltd. is a publicly owned company which owns a chain of hospitals. The Balance Sheet of NNS as of 31/3/2015 is given below:

Liabilities and Owners Equity
Accounts Payable		120,000
Salaries Payable		10,000
Provision for Taxes (2013-14)		90,000
Provision for Taxes (2014-15)		100,000
8% Bank Loan		160,000
Share Capital		400,000
Share Premium		200,000
Retained Earnings		20,000
TOTAL		1,100,000
Assets
Cash		80,000
Inventories of Medical Supplies		120,000
Accounts Receivable	100,000
Less: Allowance for Doubtful Debts	-5,000	95,000
Advance Taxes Paid (2013-14)		95,000
Advance Taxes Paid (2014-15)		100,000
Prepaid Insurance		20,000
Investments in 10% Government Bonds		200,000
Land		150,000
Building	200,000
Less: Accumulated Depreciation	-20,000	180,000
Equipment	100,000
Less: Accumulated Depreciation	-40,000	60,000
TOTAL		1,100,000

Majority of the cash payments and receipts made during the year are given below:

Cash Receipts		Cash Payments
Total Cash Collected from Patients	700,000	Cash Paid for Staff Salaries	110,000
Interest Received on Govt. Bonds	20,000	Cash Paid for Accounts Payable	300,000
Sale of Equipment (31/12/2015)	15,000	Cash Paid for Utilities	50,000
Dividends received	5,000	Loan Repaid (31/3/2016)	20,000
		Doctors Honorarium	140,000
		Equipment Purchase (30/9/2015)	30,000
		Advance Tax Paid	100,000
		Dividends paid	50,000
		Investment in Stock of ND Co.	20,000

Additional Details:

1. NNS provides services to certain patients on a credit basis. During the current financial year, $300,000 worth of services was provided to such patients on a credit basis and $310,000 was collected from such patients. Due to poor financial condition of certain patients, $6,000 was written-off as bad debts in March 2016. $2,000 worth of previously written-off amounts was collected in January 2016. The firm wishes to maintain a balance of 5% of year-end Accounts Receivable as an allowance for doubtful debts.

2. NNS purchases all inventory of medical supplies on credit. The total purchase in the current financial year amounted to $250,000. The ending balance of inventory of medical supplies was $90,000.

3. The interest on 8% Bank Loan is accrued, but due to a computer glitch, could not be paid till 10^th April 2016. The company had to pay a penalty of $10,000 along with the interest on 10^th April 2016 for late payment of interest. The penalty becomes due in the year of default.

4. The equipment has a useful life of 5 years and Building has a useful life of 10 years. The equipment that was sold on 31/12/2015 was two years old at the beginning of the year and had a historical cost of $20,000.

5. Salaries for the last two weeks of March 2015 will be paid on 5^th April 2016. Such salaries amounted to $15,000. Salaries payable for previous years were paid off in the current year.

6. The prepaid insurance is valid for another 15 months starting from 1/4/2015.

7. Tax assessment for the years 2013-14 and 2014-15 was completed in the current year and the tax was assessed to be Rs. 100,000 for 2013-14 and 95,000 for 2014-15. Shortfall (refund), if any, was paid (received) during the year 2015-16. Provision for taxes for the current year is 25% of Profit before Tax.

8. 10,000 new shares were issued. The face value of shares was $1 and Market value was $20.

Based on the above information, prepare the Balance Sheet, Income Statement, and Cash Flow Statement (Use Indirect Method) for the year ended on 31/3/2016.