Duma Ltd. finds on 31st December, 2016 that it is short of funds with which to implement its branch expansion programme. On 1st January, 2016, it had a bank balance of $3,00,000 in its current account. From the following information, prepare a statement of Cash Flow to show how the overdraft of $53,750 at 31st December, 2016 has arisen. Figures as per Balance Sheet (as on 31st December) Fixed Assets Stock and stores Debtors Bank Balance/(Overdraft) Trade Creditors Share Capital (in shares of '10 each) Bills Receivable 2015 2016 5,50,000 12,00,000 1,90,000 3,00,000 3,20,000 3,00,000 3,00,000 -53,750 3,50,000 3,00,000 2,80,000 2,60,000 77,500 90,000 The profit for the year ended 31st December, 2016 before charging depreciation and taxation amounted to $1,50,000. The 6,000 shares were issued on 1st January, 2016 at a premium of $5 per share. $1,37,500 was paid in March 2016 by way of income tax including tax on distribution of dividend. Dividend was paid as follows for 2016 (final) on the capital on 31-12- 2015@ 10% less tax 25%. For 2016 (interim) 5% on capital on 31st March, 2016 free of tax.