Question: 1.3 Connect: Exercises and Problems ) Saved 2 Problem 18-12 Sources and Uses [LO4] 15 Below are the most recent balance sheets for Country Kettles,

1.3 Connect: Exercises and Problems ) Saved 2
1.3 Connect: Exercises and Problems ) Saved 2 Problem 18-12 Sources and Uses [LO4] 15 Below are the most recent balance sheets for Country Kettles, Inc. Excluding points accumulated depreciation, determine whether each item is a source or a use of cash, and the amount (Input all amounts as positive values): COUNTRY KETTLES, INC. Balance Sheets Book 2016 2017 Assets Cash $ 31,200 $ 30.370 Hint Accounts receivable 70,700 73,840 Inventories 61.600 63.875 Property, plant, and 155,000 165,400 equipment Prim Less: Accumulated 46.560 50.700 depreciation n References Total assets $ 271,940 $282.785 Llabilltles and Equity Accounts payable $ 45,700 $ 47.870 Accrued expenses 7,080 6.260 Long-term debt 26.400 29,200 Common stock 24.000 28,800 Accumulated retained 168.760 170.655 earnings Total liabilities and equity $ 271,940 $282,785 Item Source/Use Amount Cast Source Accounts receivable Use Inventories Use Property, plant, and equipment JEE Accounts payable Source Accrued expenses Use Long-term debt Source Common stock Source Accumulated retained earnings Source

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