Problem 3-17 Sources and Uses of Cash (LO1)

Birtle Corporation reports the following statement of financial position information for 2017 and 2018.

BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position
Assets		Liabilities and Owners Equity
	2017		2018			2017		2018
Current assets									Current liabilities
Cash	$	9,279			$	11,173			Accounts payable	$	41,060			$	43,805
Accounts receivable		23,683				25,760			Notes payable		16,157				16,843
Inventory		42,636				46,915
Total	$	75,598			$	83,848			Total	$	57,217			$	60,648
									Long-term debt	$	40,000			$	35,000
Fixed assets									Owners equity
Net plant and equipment	$	272,047			$	297,967			Common stock and paid-in surplus	$	50,000			$	50,000
									Retained earnings		200,428				236,167
									Total	$	250,428			$	286,167
Total assets	$	347,645			$	381,815			Total liabilities and owners equity	$	347,645			$	381,815

For each account on Birtle Corporations statement of financial position, show the change in the account during 2018 and note whether this change was a source or use of cash. (If there is no action select "None" from the dropdown options. Do not leave any empty spaces; input a 0 wherever it is required. Negative answers should be indicated by a minus sign. Omit $ sign in your response.)

	2017		Change		Sources/Uses		2018
Assets
Current assets
Cash	$	9,279			$			-			$	11,173
Accounts receivable		23,683						(Click to select) Source Use None				25,760
Inventory		42,636						(Click to select) Source Use None				46,915
Total	$	75,598			$			(Click to select) Source Use None			$	83,848
Fixed assets
Net plant and equipment	$	272,047			$			(Click to select) Source Use None			$	297,967
Total assets	$	347,645			$			(Click to select) Source Use None			$	381,815
Liabilities and Owners Equity
Current liabilities
Accounts payable	$	41,060			$			(Click to select) Source Use None			$	43,805
Notes payable		16,157						(Click to select) Source Use None				16,843
Total	$	57,217			$			(Click to select) Source Use None			$	60,648
Long-term debt	$	40,000			$			(Click to select) Source Use None			$	35,000
Owners' equity
Common stock and paid-in surplus	$	50,000			$			(Click to select) Source Use None			$	50,000
Accumulated retained earnings		200,428						(Click to select) Source Use None				236,167
Total	$	250,428			$			(Click to select) Source Use None			$	286,167
Total liabilities and owners' equity	$	347,645			$			(Click to select) Source Use None			$	381,815