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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 | $ | 30,700 | $ | 29,820 | ||
Accounts receivable | 70,200 | 73,240 | ||||
Inventories | 61,100 | 63,250 | ||||
Property, plant, and equipment | 150,000 | 159,400 | ||||
Less: Accumulated depreciation | 46,160 | 50,200 | ||||
Total assets | $ | 265,840 | $ | 275,510 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 45,200 | $ | 47,320 | ||
Accrued expenses | 6,580 | 5,860 | ||||
Long-term debt | 25,900 | 28,450 | ||||
Common stock | 19,000 | 23,300 | ||||
Accumulated retained earnings | 169,160 | 170,580 | ||||
Total liabilities and equity | $ | 265,840 | $ | 275,510 | ||
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