Below are the most recent balance sheets for Country Kettles, Incorporated. Excluding accumulated depreciation, determine whether...
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Below are the most recent balance sheets for Country Kettles, Incorporated. Excluding 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, INCORPORATED Balance Sheets 2019 2020 Assets Cash $31,500 $ 30,700 Accounts receivable 71,000 74,200 Inventories 61,900 64,250 Property, plant, and equipment 158,000 169,000 Less: Accumulated 46,800 51,000 depreciation Total assets $ 275,600 $ 287,150 Liabilities and Equity Accounts payable $ 46,000 $ 48,200 Accrued expenses Long-term debt 7,380 6,500 26,700 29,650 Common stock Accumulated retained earnings Total liabilities and equity 27,000 32,100 168,520 170,700 $ 275,600 $ 287,150 Item Source/Use Amount Below are the most recent balance sheets for Country Kettles, Incorporated. Excluding 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, INCORPORATED Balance Sheets 2019 2020 Assets Cash $31,500 $ 30,700 Accounts receivable 71,000 74,200 Inventories 61,900 64,250 Property, plant, and equipment 158,000 169,000 Less: Accumulated 46,800 51,000 depreciation Total assets $ 275,600 $ 287,150 Liabilities and Equity Accounts payable $ 46,000 $ 48,200 Accrued expenses Long-term debt 7,380 6,500 26,700 29,650 Common stock Accumulated retained earnings Total liabilities and equity 27,000 32,100 168,520 170,700 $ 275,600 $ 287,150 Item Source/Use Amount
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