Here are the most recent balance sheets for Country Kettles, Inc. Excluding accu

Question

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. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values): COUNTRY KETTLES, INC. Balance Sheet December 31, 2016 2015 2016 Assets Cash $ 31,300 $ 30,480 Accounts receivable 70,800 73,960 Inventories 61,700 64,000 Property, plant, and equipment 156,000 166,600 Less: Accumulated depreciation (46,640 ) (50,800 ) Total assets $ 273,160 $ 284,240 Liabilities and Equity Accounts payable $ 45,800 $ 47,980 Accrued expenses 7,180 6,340 Long-term debt 26,500 29,350 Common stock 25,000 29,900 Accumulated retained earnings 168,680 170,670 Total liabilities and equity $ 273,160 $ 284,240 Item Source/Use Amount Cash $ Accounts receivable $ Inventories $ Property, plant, and equipment $ Accounts payable $ Accrued expenses $ Long-term debt $ Common stock $ Accumulated retained earnings $

Explanation / Answer

Items Source/ Use Cash Source Accounts Receivable Source Inventories Source Property Source Plant and Equipment Source Accounts Payable Use Accrued Expenses Use Long Term, Debt Use

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