Question

Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether...

Here 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. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values):

COUNTRY KETTLES, INC.
Balance Sheet
2018 2019
  Assets
  Cash $ 31,700 $ 30,920
  Accounts receivable 71,200 74,440
  Inventories 62,100 64,500
  Property, plant, and equipment 160,000 171,400
    Less: Accumulated depreciation (46,960 ) (51,200 )
  Total assets $ 278,040 $ 290,060
  Liabilities and Equity
  Accounts payable $ 46,200 $ 48,420
  Accrued expenses 7,580 6,660
  Long-term debt 26,900 29,950
  Common stock 29,000 34,300
  Accumulated retained earnings 168,360 170,730
  Total liabilities and equity $ 278,040 $ 290,060
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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