Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine...
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Below 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): 2017 COUNTRY KETTLES, INC. Balance Sheets 2016 Assets Cash $ 31,900 Accounts receivable 71,400 Inventories 62,300 Property, plant, and 162,000 equipment Less: Accumulated 47,120 depreciation $ 31,140 74,680 64,750 173,800 51,400 Total assets $280,480 $292,970 Liabilities and Equity Accounts paya Accrued expenses Long-term debt Common stock Accumulated retained earnings $ 46,400 7,780 27,100 31,000 $ 48,640 6,820 30,250 36,500 168,200 170,760 Total liabilities and equity $280,480 $292,970 Item 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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