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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 | $ | 31,500 | $ | 30,700 | ||
Accounts receivable | 71,000 | 74,200 | ||||
Inventories | 61,900 | 64,250 | ||||
Property, plant, and equipment | 158,000 | 169,000 | ||||
Less: Accumulated depreciation | 46,800 | 51,000 | ||||
Total assets | $ | 275,600 | $ | 287,150 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 46,000 | $ | 48,200 | ||
Accrued expenses | 7,380 | 6,500 | ||||
Long-term debt | 26,700 | 29,650 | ||||
Common stock | 27,000 | 32,100 | ||||
Accumulated retained earnings | 168,520 | 170,700 | ||||
Total liabilities and equity | $ | 275,600 | $ | 287,150 | ||
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