Following are the balance sheets for Batelan Corporation for the fiscal years 2011 and 2012. In the column to the right of the balance sheet amounts, indicate whether the change in the account balance represents a source or a use of cash for the firm. Place a (+) in the space provided to indicate a source of funds, a (-) to indicate a use of funds, or a (0) if the effect cannot be determined with the information provided.

From these balance sheets, can you tell whether Batelan generated a positive or negative net income during 2012? Can you tell whether dividends were paid? Explain.

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2 Use (-)? Accounts receivable 0 Net property and equipment Accounts payable Current liabilities Total liabilities $1,700 Total liabilities and equity