Question
Below are the most recent balance sheets for Country Kettles, Incorporated. Excluding accumulated depreciation, determine whether each item is a source or a use of
Below are the most recent balance sheets for Country Kettles, Incorporated. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount. (Input all amounts as positive values.) COUNTRY KETTLES, INCORPORATED Balance Sheets 2019 2020 Assets Cash $ 32,100 $ 31,360 Accounts receivable 71,600 74,920 Inventories 62,500 65,000 Property, plant, and equipment 164,000 176,200 Less: Accumulated depreciation 47,280 51,600 Total assets $ 282,920 $ 295,880 Liabilities and Equity Accounts payable $ 46,600 $ 48,860 Accrued expenses 7,980 6,980 Long-term debt 27,300 30,550 Common stock 33,000 38,700 Accumulated retained earnings 168,040 170,790 Total liabilities and equity $ 282,920 $ 295,880
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