Question No: 02 This is a subjective question. hence you have to write your answer in the Text-Field given below. Given blow are 2m company's statement of prot and loss for the year ended March 31, 2013, and balance sheet on March 31, 2013 and 2014. You are required to calculate cash ow statement for the year 2014. Use either direct or indirect method. [12 Marks] ZXM COMANY Statement of Prot and Loss For the ear ended March 31 2014 400 Gain on sale ofinvcsmlcnts Interest income COGS Selling and administration expenses Interest exp Loss on sale of dam and machin- _ __=_E Question No: 02 84100 EBIT 14400 Income Tax 6700 PAT 7700 ZXM COMPANY Balance Sheet at the end of March 31 2014 2013 Equity and Liabilities Shareholder's funds Share capital 25000 17500 Reserve and Surplus 11800 8600 Non-Current Liabilities Long-term borrowings 12000 12000 Current Liabilities Trade payables 22700 20900 Short-term provisions: Income Tax payables 500 700 Total 72100 59700 Assets Fixed Assets Plant and Machinery 41600 32700 OptionsQuestion No: 02 Less Accumulated Depreciation 9400 7500 Net Fixed Assets 32200 25200 Current Assets Current investments 2800 4300 Inventories 10600 4900 Trade receivables 20900 15600 Cash and cash equivalents 4400 7000 Short-term loans and advances: Pre-paid exp. 1200 1400 Intangible Assets: Patent 0 1300 Total 72100 59700 Additional Information: 1. Paid dividends, Rs.4500 2. Sold investments costing Rs.3800 (gain, Rs.400) 3. Sold a plant, Rs.4100 (cost Rs.9800; accumulated depreciation, Rs.5700) 4. Purchased machinery, Rs. 18700 5. Purchased investments, Rs.2300 6. Sold the patent, Rs.400 7 Tamed at san shanks Da GEnnQuestion No: 02 JLLVV LULVV Current Assets Current investments 2800 4300 Inventories 10600 4900 Trade receivables 20900 15600 Cash and cash equivalents 4400 7000 Short-term loans and advances: Pre-paid exp. 1200 1400 Intangible Assets: Patent 0 1300 Total 72100 59700 Additional Information: 1. Paid dividends, Rs.4500 2. Sold investments costing Rs.3800 (gain, Rs.400) 3. Sold a plant, Rs.4100 (cost Rs.9800; accumulated depreciation, Rs.5700) 4. Purchased machinery, Rs.18700 5. Purchased investments, Rs.2300 6. Sold the patent, Rs.400 7. Issued at par shares, Rs. 7500