Q18. (Net Income & Basic Cash Flow Statement with Cash Dividend & Stock Dividend): The following are the comparative Balance Sheets of Pak Arab Ltd. Debit Balances Cash 31-12-2018 31-12-2019 Accounts Receivable Net) 57,500 220,500 Merchandise Inventory 62,500 434,000 Plant Net] 99,000 322,000 Land 92,500 682,500 Goodwill 20,000 682,500 10,000 178,500 Total ,341,500 2,520,000 Credit Balances 31-12-2018 31-12-2019 Accounts Payable 315,000 253,750 Accrued Expenses 252,000 334,250 Bonds Payable 420,000 210,000 Ordinary Share Capital 840,000 1,050,000 Share Premium 210,000 262,500 Retained Earnings 304,500 409,500 Total 2,341,500 2,520,000 At the end of 2019, declared and paid Cash Dividend Rs. 157,500 and Stock Dividend Rs. 262,500. REQUIRED: 2. Cash Flow Statement. 1. Computation of Net Income