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Following are the most recent balance sheets for King Fisher Aviation. Excluding accumulated depreciation, determine whether each item is a use of cash, and the
Following are the most recent balance sheets for King Fisher Aviation. Excluding accumulated depreciation, determine whether each item is a use of cash, and the amount Assets Cash Accounts Receivable Inventories Property, Plant, and Equipment 2015 49,280 98,155 82,400 223,994 76,174 377,655 2016 44,816 101,412 87,715 242,085 85,688 390,340 Less: Accumulated depreciation Total Assets 2015 74,511 10,790 48,000 25,000 2016 49,496 7,740 Liabilities and Equity Accounts Payable Accrued Expenses Long-term debt Common stock 44,000 30,000 259,104 Accumulated Retained Earnings 219,354 377,655 390,340 Total Liabilities and Equity Fill in the values in the spreadsheet
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