RegdNo. 323103129 Assignment No. 1 Course Code: EACC506 Registration Number: Instructions: a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation. b. The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall not be considered. Q2. The Meta company uses indirect method for preparing its statement of cash flows. It reported a net income of Rs. 100,000 for the year 2016. During the year 2016, the working capital accounts were changed as follows: Increase in accounts receivable: Rs.22,000 Increase in accounts payable: Rs.18,600 Increase in inventory: Rs.14,800 Decrease in non-trade notes payable: Rs.30,000 Increase in available for sale securities: Rs.32,000 The depreciation expense was Rs.34,000 for the year 2016. You are Required to Compute net cash provided (used) by operating activities using indirect method. [10 Marks]