From the following Balance Sheet of Bharat Steel Ltd as at 31st March, 2019 prepare its Cash Folw Statement:
Additional Information :
(i) Machinery costing ₹ 1,00,000 on which depreciation charged was sold at a profit of 20% on book value. Derprection charged during the year amounted to ₹ 70,000.
(ii) Perference Shares were redeemed at par on 31st March, 2019.
(iii) Equaity Shares were issued on 1st April, 2018 and Debentures were redeemed on 1st January, 2019.
(iv) The company declared and paid interim dividend on Equity Shares @ ₹ 40 per share out of General Reserve. It did not propose final dividend on Equity Shares.
(v) Non-current Investments costing ₹ 60,000 were sold at a profit of 20%.
(vi) Income tax ₹ 45,000 was provided.
