The balance sheets of a company as on 31st December, 2008 and 2009 are given below for SHAMLAL & CO.
Liabilities 2008 2009
Share Capital 1,00,000 1,90,000
Fixed assets – at cost 1,52,000 1,95,000
Retained earnings 70,250 85,300
Inventory - Stock 93,400 89,200
Accumulated Depreciation 60,000 35,000
Debtors 30,800 21,100
12% Debentures 50,000 30,000
Prepaid Expenses 3,950 3,000
Creditors 28,000 48,000
Bank 28,100 80,000
Total 3,08,250 3,88,300
Total 3,08,250 3,88,300
Additional Information:
1. Net Profit is Rs.27,050
2. Depreciation charged Rs. 5,000
3. Cash dividend declared during the period Rs.12,000
4. An addition to the building was made during the year at a cost of Rs.78,000 and fully depreciated equipment costing Rs.30,000 was discarded as no salvage being realized.
Prepare a Cash flow statement.