Table 3.1 in Chapter 3 presents financial statements over the period2011€“2014 for R&E Supplies, Inc.
a. Construct a sources and uses statement for the company over this period (one statement for all three years).
b. What insights, if any, does the sources and uses statement give you about the financial position of R&E Supplies?

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Income Statements 2011 2012 $13,764 11,699 2,065 2013 $16,104 13,688 2,416 2014 $20,613 Net sales Cost of goods sold Gross profit Expenses 9,400 17,727 2,806 1,790 1,019 671 General, selling, and administrative expenses 1,239 Net interest expense Earnings before tax Tax Earnings after tax 723 325 $ 398 1,610 110 696 313 $ 383 90 529 238 302 Balance Sheets Assets Current assets: Cash and securities Accounts receivable Inventories Prepaid expenses $ 671 1,343 1,119 14 $ 551 1,799 1,376 12 3,728 124 $ 3,852 $ 644 2,094 1,932 2,267 4,685 295 4,980 5,583 297 $5,870 Total current assets Net fixed assets $3,275 Total assets Liabilities and Owners' Equity Currentliabilities: Bank loan Accounts payable Current portion long-term debt Accrued wages 1,007 60 1,443 50 2,426 50 3,212 100 1,122 960 150 1,043 3,275 3,380 760 150 1,580 5,870 Total current liabilities 1,550 910 150 1,242 $3,852 2,536 860 150 1,434 $ 4,980 Long-term debt Common stock Retained earnings Total liabilities and owners' equity