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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 $ 32,200 $ 31,470 Accounts receivable 71,700 75,040 Inventories 62,600 65,125 Property, plant, and 165,000 equipment 177,400 Less: Accumulated 47,360 51,700 depreciation Total assets $ 284,140 $297,335 Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings $ 46,700 $ 48,970 8,080 7,060 27,400 30,700 34,000 39,800 167,960 170,805 Total liabilities and equity $ 284,140 $297,335 * Answer is complete but not entirely correct. Item Sourcelus Amount Cash Source Accounts receivable Use $ 10 Inventories Use IS Property, plant, and Use S equipment Accounts payable Source S 0 X Accrued expenses Source XS 60 x Long-term debt Source $ DO X Common stock Source $ DO Accumulated retained Sourg $ 05 earnings OOOOO
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