Reference no: EM131322217
Below 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 (Input all amounts as positive values.): COUNTRY KETTLES, INC. Balance Sheet December 31, 2011 2010 2011 Assets Cash $ 30,400 $ 29,520 Accounts receivable 69,904 73,344 Inventories 60,800 63,736 Property, plant, and equipment 147,000 157,180 Less: Accumulated depreciation 45,730 52,280 Total assets $ 262,374 $ 271,500 Liabilities and Equity Accounts payable $ 44,994 $ 47,118 Accrued expenses 6,280 5,632 Long-term debt 25,600 28,000 Common stock 16,000 20,000 Accumulated retained earnings $ 169,500 $ 170,750 Total liabilities and equity $ 262,374 $ 271,500 Item Source/Use Amount Cash $ Accounts receivable $ Inventories $ Property, plant, and equipment $ Accounts payable $ Accrued expenses $ Long-term debt $ Common stock $ Accumulated retained earnings $
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