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ook at the following financial statements and take note of the changes in the given time period (between 2017 and 2018). Nutty Peanut Butter 2017

ook at the following financial statements and take note of the changes in the given time period (between 2017 and 2018). Nutty Peanut Butter 2017 and 2018 Balance Sheet (R in thousands) 2017 (R) 2018 (R) Change (R) Assets Cash 84 146 + 62 Accounts receivable 165 188 + 23 Inventory 393 422 + 29 Total 642 756 +114 Fixed assets Net plant and equipment 2 731 2 880 +149 Total assets 3373 3 636 +263 Liabilities and Owners' Equity Current liabilities Accounts payable 312 344 + 32 Notes payable 231 196 -35 Total 543 540 -3 Long-term debt 531 457 -74 Owners' equity Common stock and paid in surplus 500 550 + 50 Retained earnings 1 799 2 089 +290 Total 2 299 2 639 +340 Total liabilities and owner's equity 3 373 3 636 +263 Fill in the summary of sources and uses of cash by using the letter I for an increase, D for a decrease. Balance sheet item Increase/decrease (answers) Accounts payable Answer 1 Question 1 Accounts receivable Answer 2 Question 1 Inventory Answer 3 Question 1 Common stock Answer 4 Question 1 Notes payable Answer 5 Question 1 Long term debt Answer 6 Question 1

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