Statement of Changes in Working Capital, Funds Flow Statement - No adjustments

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

From the following balance sheets you are required to prepare the schedule of changes in working capital and funds flow statements for 2006 and 2007.

	31-12-05	31-12-06	31-12-07
Assets:
Cash Inventories Accounts receivable Land Goodwill Plant	30,000 10,000 20,000 20,000 30,000 40,000 1,50,000	40,000 15,000 20,000 20,000 25,000 60,000 1,80,000	45,000 10,000 25,000 30,000 20,000 70,000 2,00,000
Liabilities:
Share capital 15% debentures Sundry creditors Outstanding expenses Tax payable Bills Payable Retained earnings	40,000 20,000 23,000 10,000 14,000 18,000 25,000 1,50,000	50,000 20,000 24,000 20,000 15,000 20,000 31,000 1,80,000	50,000 34,000 40,000 42,000 20,000 14,000 26,000 2,00,000