From the following two Balance Sheets as on 31st December, 2006 and 2007, you are required to prepare a schedule of changes in working capital and a funds flow statement for 2007:
| Dec. 31, 2006 | Dec 31, 2007 |
| Assets: |
Cash
Debtors
Stock in trade
Short Term Investments
Long Term Investments
Land
|
30,000
1,20,000
80,000
50,000
40,000
20,000
3,40,000
|
47,000
1,15,000
90,000
66,000
50,000
18,000
3,48,000
|
| Capital and liabilities: |
Share capital
Bank Loan
Outstanding Expenses
Trade creditors
Retained Earnings
|
2,00,000
50,000
10,000
70,000
10,000
3,40,000
|
2,50,000
34,000
14,000
55,000
33,000
3,48,000
|
