Prepare c Cash Flow Statement with all your workings Following are the information provided by Rainbow Traders:

ASSETS	ASSETS	ASSETS
Bank	12,180	19,880
A/c receivable	15,120	23,240
Inventory	69,370	72,800
Prepaid Expenses	1,960	2,072
Plant Assets	151,200	119,000
Allow. For Depreciation	(44,800)	(65,800)
TOTAL	205,030	171,192
EQUITIES	EQUITIES	EQUITIES
A/c Payable	32,830	15,596
Bonds	---------	35,000
Share capital Rs. 10 each	147,000	98,000
Discount on shares	(9,800)	----------
Retained Earnings	35,000	22,596
TOTAL	205,030	171,192

Other Information:

• Cash Dividend declared during the year Rs.8,820
• Depreciation expense for the year Rs.7,000
• Fully depreciated Plant costing Rs. 28,000 was discarded with No salvage Value.

During the year 4,000 ordinary shares were issued at Rs. 8/- each.