On the basis of the following data, prepare Cash Flow Statement as per AS-3 for the year ended 31st March, 2024: Total Sales for the year were 380…

On the basis of the following data, prepare Cash Flow Statement as per AS-3 for the year ended 31st March, 2024: Total Sales for the year were 380 lakhs out of which Cash Sales amounted to 262 Lakhs.Receipts from credit customers during the year, total 134 lakhs.Total Purchases for the year amounted to 220 lakhs, out of which 80% were credit purchases.Opening balance in creditors 84 lakhs and Closing balance in creditors 92 lakhs.Suppliers of other consumables and services were paid 19 lakhs in cash.Employees of the enterprise were paid 20 lakhs in cash.Fully-paid preference shares of the face value of 32 lakhs were redeemed.Issued equity shares of the face value of 20 lakhs at a premium of 20%.Debenture of 20 lakhs at premium of 10% were redeemed by issuing equity shares in lieu of their claims. 26 lakhs were paid by way of Income Tax.A new machinery costing 20 lakhs was purchased in a part exchange of an old machinery. The book value of the old machinery was 13 lakhs, but the vendor agreed to take over the old machinery at a higher value of 15 lakhs. The balance due to vendor was paid in cash.Dividend 15 lakhs (including dividend distribution tax)* of 2.7 lakhs was also paid on 30th March, 2024.Debenture interest 3 lakhs was paid.During the year 8 lakhs rent was received from property held as investment. 0.50 lakh interest was earned on the advance payments to suppliers of Goods.Cash and cash equivalents on 1st April 2023,2 lakhs. (7 Marks)