The Director of a WV manufacturing company has reviewed the annual financial statements for the current year and is unable to determine from reading the balance sheet the reasons for the changes in cash during the year. He asks you for assistance and presents the following balance sheets of the firm.

Particulars	March 2017 (MK)	March 2018 (MK)
ASSETS
Goodwill	100,000	-
Buildings	280,000	405,000
Land	75,000	70,000
Machinery	100,000	165,000
Tools	35,000	20,000
Trade Investments	7,500	9,000
Inventories	109,000	105,000
Sundry Debtors	46,000	90,000
Bills receivable	13,500	10,500
Cash in hand	4,500	1000
Unexpired insurance	700	600
Unamortized discount on debentures	1,250	1,050
Total Assets	772,450	877,150
LIABILITIES
Equity Share Capital	200,000	350,000
Debentures	50,000	75,000
Sundry creditors	26,000	29,000
Bank Overdraft	-	4000
Bills payable	5000	4500
Bank loans	3400	750
Accrued taxes	1500	2500
Accrued interest	3000	5000
Allowance for doubtful accounts	1150	2250
Accumulated depreciation	90,500	135,600
Retained earnings	391,900	268,550
Total Liabilities	772,450	877,150

Additional Information:

1. There were no purchases or sales of tools
2. Equity shares were issued at a discount of 10 percent
3. Old machinery that cost MK2,250 was scrapped and written off the books. Accumulated depreciation on such equipment was MK1,650
4. The Income Statement for the year 2018 was

Particulars	Amount (MK)
Net Sales	625,000
Less: Expenses
Operating charges:
Materials & supplies	125,000
Direct labor	105,000
Manufacturing overhead	90,750
Depreciation	61,750
Selling expenses	122,500
General expenses	115,000
Interest expenses	3750
Unusual items
Writing off of goodwill	100,000
Writing off of land	5000
Loss on Machinery	600
Discount on issue of equity shares	15,000
Total Expenses	(744,350)
Net Loss	(119,350)

You are required to prepare Cashflow statement using Indirect Method