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Problem 18-12 Sources and Uses Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a
Problem 18-12 Sources and Uses 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 $ 32,200 71,700 62,600 165,000 47,360 $ 284,140 $ 31,470 75,040 65,125 177,400 51,700 $ 297,335 Assets Cash Accounts receivable Inventories Property, plant, and equipment Less: Accumulated depreciation Total assets Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings Total liabilities and equity $ 46,700 8,080 27,400 34,000 $167,960 $ 284,140 $ 48,970 7,060 30,700 39,800 $170,805 $ 297,335 Amount Item Cash Accounts receivable Inventories Property, plant, and equipment Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings Source/Use (Click to select) (Click to select) $ (Click to select) $ (Click to select) $ (Click to select) (Click to select) $ (Click to select) $ (Click to select) $ (Click to select) $
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