For each account on Birtle Corporation’s statement of financial position, show the change in the account during 2012 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.

Birtle Corporation reports the following statement of financial position information for 2011 and 2012. Use this information to work on this problem.

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Birtle CORPORATION 2011 and 2012 Statement of Financial Position Liabilities and Owners' Equity Assets 2012 2011 2011 2012 Current liabilities Accounts payable Notes payable Current assets Cash Accounts receivable $ 8,436 $ 10,157 23,406 $ 43,050 18,384 $ 61,434 $ 25,000 $ 46,821 17,382 $ 64,203 $ 32,000 21,530 38,760 Total Inventory 42,650 $ 76,213 Total Fixed assets Net plant and equipment $ 68,726 Long-term debt Owners' equity Common stock and paid-in surplus $ 40,000 Retained earnings Total Total liabilities and owners' equity 226,706 $ 40,000 248,306 168,998 $208,998 188,316 $228,316 Total assets $295,432 $324,519 $295,432 $324,519