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Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of
Here 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 Sheet | ||||||
2016 | 2017 | |||||
Assets | ||||||
Cash | $ | 31,100 | $ | 30,260 | ||
Accounts receivable | 70,600 | 73,720 | ||||
Inventories | 61,500 | 63,750 | ||||
Property, plant, and equipment | 154,000 | 164,200 | ||||
Less: Accumulated depreciation | 46,480 | 50,600 | ||||
Total assets | $ | 270,720 | $ | 281,330 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 45,600 | $ | 47,760 | ||
Accrued expenses | 6,980 | 6,180 | ||||
Long-term debt | 26,300 | 29,050 | ||||
Common stock | 23,000 | 27,700 | ||||
Accumulated retained earnings | $ | 168,840 | $ | 170,640 | ||
Total liabilities and equity | $ | 270,720 | $ | 281,330 | ||
Item | Source/Use | Amount | |||
Cash | (Click to select) Source Use | $ | |||
Accounts receivable | (Click to select) Use Source | $ | |||
Inventories | (Click to select) Source Use | $ | |||
Property, plant, and equipment | (Click to select) Source Use | $ | |||
Accounts payable | (Click to select) Use Source | $ | |||
Accrued expenses | (Click to select) Source Use | $ | |||
Long-term debt | (Click to select) Source Use | $ | |||
Common stock | (Click to select) Use Source | $ | |||
Accumulated retained earnings | (Click to select) Use Source | $ | |||
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