6. Table 3.1 in Chapter 3 presents financial statements over the period 20142017 for R&E Supplies, Inc. a. Construct a sources and uses statement for the company over this period (one statement for all three years). b. What insights, if any, does the sources and uses statement give you about the financial position of R&E Supplies? Income Statements 2014 $11,190 9,400 1,790 2015 $13,764 11,699 2,065 2016 $16,104 13,688 2,416 2017* $20,613 17,727 2,886 Net sales Cost of goods sold Gross profit Expenses: General, selling, and administrative expenses Net interest expense Earnings before tax Tax Earnings after tax 1,019 100 1,239 103 723 1,610 110 696 2,267 90 529 671 302 325 313 238 $ 398 $ 383 $ 291 $ 369 Balance Sheets $ 671 1,343 1,119 $ 644 2,094 1,932 14 Assets Current assets: Cash and securities Accounts receivable Inventories Prepaid expenses Total current assets Net fixed assets Total assets Liabilities and Owners' Equity Current liabilities: Bank loan Accounts payable Current portion long-term debt Accrued wages $ 551 1,789 1,376 12 3,728 124 $ 3,852 15 $ 412 2,886 2,267 18 5,583 287 $ 5,870 3,147 128 $ 3,275 4,685 295 $ 4,980 $ 50 $ 50 1,007 $ 50 1,443 50 $ 50 2,426 3,212 100 18 10 Huu Wages Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and owners' equity 1,122 960 150 1,043 $ 3,275 1,550 910 150 1.242 $ 3,852 2,536 860 150 1,434 $ 4.980 3,380 760 150 1,580 $ 5,870