Reference no: EM132431313

A balance sheet of Soma Thomas as 1-1-2011 and 31-12-2011 were Liabilities 2010 2011 Assets 2010 2011 Rs. . . . Credits 40,000 44,000 Cash 10,000 7,000 Bills payable 25,000 - Debtors 30,000 50,000 Loans from Banks 40,000 50,000 Stock 35,000 25,000 Machinery 80,000 55,000 Capital 1,25,000 1,53,000 Land 40,000 50,000 Building 35,000 60,000 2,30,000 2,47,000 2,30,000 2,47,000 During the year a machine costing Rs. 10,000 (accumulated depreciation Rs. 3000) was sold for Rs. 5,000. The provision for depreciation against machinery as on 1-1-2011 was Rs 25,000 and on 31-12-2011 it was Rs 40,000. Net profit for the year 2011 amounted to Rs. 45,000. Prepare cash flow statement.