Raj Ltd gives you the following information for the year that ended on 31 March 2006:
- Sales for the year—Rs. 48,00,000. The company sold goods for cash only.
- Cost of Goods Sold was 75% of sales.
- Closing inventory was higher than the opening inventory by Rs. 50,000.
- Trade Creditors on 31 March 2006 exceed the outstanding on 31 March 2005 by Rs. 1,00,000.
- Tax paid during the year amounts to Rs. 1,50,000.
- Amount paid to Trade Creditors during the year was Rs. 35,50,000.
- Administrative and selling expenses paid was Rs. 3,60,000.
- One new machinery was acquired in December 2005 for Rs. 6,00,000.
- Dividend paid during the year was Rs. 1,20,000.
- Cash in hand and at bank on 31 March 2006 was Rs. 70,000.
- Cash in hand and at bank on 1 April 2005 was Rs. 50,000.
Required: Prepare a Cash Flow Statement for the year that ended on 31 March 2006, as per the prescribed accounting standard.