Segment 1C Q3

16. Sources and Uses of Cash [LO4] For each account on this companys balance sheet, show the change in the account during 2015 and note whether this change was a source or use of cash. Do your numbers add up and make sense? Explain your answer for total assets as compared to your answer for total liabilities and owners equity.

JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets
Assets									Liabilities and Owners Equity
	2014				2015					2014				2015
Current assets									Current liabilities
Cash	$	11,135			$	13,407			Accounts payable	$	45,166			$	48,185
Accounts receivable		28,419				30,915			Notes payable		17,773				18,257
Inventory		51,163				56,295
Total	$	90,717			$	100,617			Total	$	62,939			$	66,442
									Long-term debt	$	44,000			$	39,000
									Owners equity
									Common stock and paid-in surplus	$	50,000			$	50,000
									Retained earnings		260,234				302,735
Net plant and equipment	$	326,456			$	357,560			Total	$	310,234			$	352,735
Total assets	$	417,173			$	458,177			Total liabilities and owners equity	$	417,173			$	458,177