Q3. Given blow are Sikandar Company's statement of profit and loss for the year ended March 31, 2013, and balance sheet on March 31, 2013 and 2014. You are required to prepare Cash Flow Statement of Sikandar Company for the year 2014. [10] SIKANDAR COMPANY Statement of Profit and Loss For the year ended March 31, 2014 Sales 97300 Gain on sale of investments 400 Interest income 300 98500 coGs 68500 Depreciation 7600 Selling and administration expenses 5300 Interest exp 1800 Loss on sale of plant and machiner 900 84100 EBIT 14400 Income Tax $700 PAT 7700 FIN ZC415 (EC-3 Regular) First Semester 2019-2020 Page 2 of 4 Scanned with CamScannerFIN ZC415 (EC-3 Regular) First Semester 2019-2020 Page 3 SIKANDAR COMPANY Balance Sheet at the end of March 31 2014 2013 Equity and Liabilities Shareholder’s funds Share capital 25000 17500 Reserve and Surplu: 11800 8600 Non-Current Li ies Long-term borrowings 12000 12000 Current Liabilities Trade payables 22700 20900 Short-term provisions: Income Tax payables 600 700 Total 72100 59700 Assets Fixed Assets Plant and Machinery 41600 32700 Less Accumulated Depreciation 9400 7500 Net Fixed Assets 32200 25200 ‘Current Assets Current investments 2800 4300 Inventories 10600 4900 Trade receivables 20900 15600 Cash and cash equivalents 4400 7000 Short-term loans and advances: Pre-paid exp. 1200 1400 Intangible Assets: Patent 0 1300 Total 72100 59700 Additional Information: . Paid dividends, Rs.4500. 7 . Sold investments costing Rs.3800 (gain, Rs.400) 7 . Sold a plant, Rs.4100 (cost Rs.9800; accumulated depreciation, Rs.5700Y . Purchased machinery, Rs.18700 = . Purchased investments, Rs.2300 = Sold the patent, Rs.400 - . Issued at par shares, Rs.7500 + alba bbl Scanned with CamScannerQoo fe) 1)> 97,20 41$/b00 - .Oq00 = 4d)00 0 QP _6¥,500 + 5300-49004 10,400 -1hoot ROOF |3)> b¥0O 4200 -Go0 = 6f00 O8= Jaypee. Scanned with CamScanner