To highlight how working capital and the noncurrent assets were financed, we can rearrange the items on the balance sheet as follows:

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Transcribed Image Text:

PASCALE COMPANY Sources and Uses of Permanent Capital of December 31, 2011 Uses of Capital Sources of Capital $ 8,000 Noncurrent liabilities ...... $ 9,000 18,000 Equity 17,000 $26,000 Total sources $26,000 Noncurrent assets Total uses