The following data were extracted from the financial statement of a company for the year Dec 31st. Net Income =70,000 Depreciation Expense =14,000 Amortization of Intangible =1000 Decrease in Accounts Receivable =2000 Increase in Inventory =9000 Increase in Accounts payable =4000 Increase in plant assets =47,000 Increase in contributed capital =31,000 Decrease in short term assets payable =55,000 There were no disposal of plant assets during the year, based on the above, a statement of cashflow will report on a net increase in cash of (closing balanceopening balance)? Net income =8,20,000 Revenue =5 Million Sales and Administration include depreciation (2 lakh )=38 Lakh Interest expense =50,000 Calculate operating cashflow Gain on sale equipment =40,000 Income tax expense =32 lakh Opening Account receivable =5 lak Closing Account receivable =7.5lal Current liability increase =1.5 lakh