From the following data of Jagdish Company prepare

(a) a statement of source and uses of working capital (funds)

(b) a schedule of changes in working capital

Adjustments:
1) Machinery worth Rs.70000 was purchased and worth Rs.10000 was sold during the year [Accumulated depreciation on machinery is Rs.18000 after adjusting depreciation on machinery sold]. Proceeds from the sale of machinery were Rs.6000
2) Dividends paid during the yearRs.11600

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Assets Cash Short-term investment Debtors Stock Long term Investment Machinery Building Land Total Liabilities and Equity Accumula Creditors Bills Payable Secured loans Share capital Share premum Reserves and surplu:s Total 2008 2007 1,26,000 42,400 60,000 38,000 28,000 2,00,000 2,40,000 14.000 7,48,400 1,14,000 20,000 50,000 28,000 44.000 1,40,000 80,000 14,000 4,90,000 1,10,000 40.000 20,000 2,00,000 2,20,000 24,000 1,34,400 7,48,400 60.000 30,000 10,000 1,00,000 1,60,000 Ni 1,30,000 4,90,000 ated depreciation Income statement 1,34.600 1,05,200 Cost of goods sold Gross Profit 92,000 Less Operating expenses: Depreciation -machinery 20,000 Depreciation building 32,000 Other expenses 40,000 13,200 Net profit from operation 4,800 Gain on sale on long-term investment 18,000 Total 2,000 Loss on sale of machinery 16,000 Net Profit