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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.(Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input allamounts as positive values): |
COUNTRY KETTLES, INC. Balance Sheet December 31, 2016 | ||||||
2015 | 2016 | |||||
Assets | ||||||
Cash | $ | 31,400 | $ | 30,590 | ||
Accounts receivable | 70,900 | 74,080 | ||||
Inventories | 61,800 | 64,125 | ||||
Property, plant, and equipment | 157,000 | 167,800 | ||||
Less: Accumulated depreciation | (46,720 | ) | (50,900 | ) | ||
Total assets | $ | 274,380 | $ | 285,695 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 45,900 | $ | 48,090 | ||
Accrued expenses | 7,280 | 6,420 | ||||
Long-term debt | 26,600 | 29,500 | ||||
Common stock | 26,000 | 31,000 | ||||
Accumulated retained earnings | 168,600 | 170,685 | ||||
Total liabilities and equity | $ | 274,380 | $ | 285,695 | ||
Item | Source/Use | Amount | ||
Cash | (Click to select)UseSource | $ | ||
Accounts receivable | (Click to select)SourceUse | $ | ||
Inventories | (Click to select)SourceUse | $ | ||
Property, plant, and equipment | (Click to select)SourceUse | $ | ||
Accounts payable | (Click to select)SourceUse | $ | ||
Accrued expenses | (Click to select)UseSource | $ | ||
Long-term debt | (Click to select)UseSource | $ | ||
Common stock | (Click to select)UseSource | $ | ||
Accumulated retained earnings | (Click to select)UseSource | $ |
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