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Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of
Below are the most recent balance sheets for Country Kettles, Inc. 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, INC. Balance Sheets | ||||||
2016 | 2017 | |||||
Assets | ||||||
Cash | $ | 31,400 | $ | 30,590 | ||
Accounts receivable | 70,900 | 74,080 | ||||
Inventories | 61,800 | 64,125 | ||||
Property, plant, and equipment | 157,000 | 167,800 | ||||
Less: Accumulated depreciation | 46,720 | 50,900 | ||||
Total assets | $ | 274,380 | $ | 285,695 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 45,900 | $ | 48,090 | ||
Accrued expenses | 7,280 | 6,420 | ||||
Long-term debt | 26,600 | 29,500 | ||||
Common stock | 26,000 | 31,000 | ||||
Accumulated retained earnings | 168,600 | 170,685 | ||||
Total liabilities and equity | $ | 274,380 | $ | 285,695 | ||
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