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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 | $ | 36,740 | $ | 35,719 | ||
Accounts receivable | 84,583 | 88,746 | ||||
Inventories | 73,568 | 77,121 | ||||
Property, plant, and equipment | 181,340 | 190,188 | ||||
Less: Accumulated depreciation | 55,300 | 60,381 | ||||
Total assets | $ | 320,931 | $ | 331,393 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 59,863 | $ | 61,350 | ||
Accrued expenses | 7,599 | 6,815 | ||||
Long-term debt | 30,976 | 33,800 | ||||
Common stock | 19,000 | 23,000 | ||||
Accumulated retained earnings | $ | 203,493 | $ | 206,428 | ||
Total liabilities and equity | $ | 320,931 | $ | 331,393 | ||
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