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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 all amounts as positive values): |
COUNTRY KETTLES, INC. Balance Sheet | ||||||||
2018 | 2019 | |||||||
Assets | ||||||||
Cash | $ | 30,600 | $ | 29,710 | ||||
Accounts receivable | 70,100 | 73,120 | ||||||
Inventories | 61,000 | 63,125 | ||||||
Property, plant, and equipment | 149,000 | 158,200 | ||||||
Less: Accumulated depreciation | (46,080 | ) | (50,100 | ) | ||||
Total assets | $ | 264,620 | $ | 274,055 | ||||
Liabilities and Equity | ||||||||
Accounts payable | $ | 45,100 | $ | 47,210 | ||||
Accrued expenses | 6,480 | 5,780 | ||||||
Long-term debt | 25,800 | 28,300 | ||||||
Common stock | 18,000 | 22,200 | ||||||
Accumulated retained earnings | 169,240 | 170,565 | ||||||
Total liabilities and equity | $ | 264,620 | $ | 274,055 | ||||
Source/Use Amount Cash
Accounts Receivable
Inventories
Property, plant and equipment
Accounts Payable
Accrued expenses
Long-term debt
Common stock
Accumulated retained earnings
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