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. COUNTRY KETTLES, INC. Balance Sheet December 31, 2016 2015 2016 Assets Cash $ 31,000 $ 30,150 Accounts receivable 70,500 73,600 Inventories 61,400 63,625 Property, plant, and equipment 153,000 163,000 Less: Accumulated depreciation (46,400 ) (50,500 ) Total assets $ 269,500 $ 279,875 Liabilities and Equity Accounts payable $ 45,500 $ 47,650 Accrued expenses 6,880 6,100 Long-term debt 26,200 28,900 Common stock 22,000 26,600 Accumulated retained earnings 168,920 170,625 Total liabilities and equity $ 269,500 $ 279,875
Item Source/Use Amount Cash (Click to select)UseSource $ Accounts receivable (Click to select)SourceUse $ Inventories (Click to select)UseSource $ Property, plant, and equipment (Click to select)UseSource $ Accounts payable (Click to select)SourceUse $ Accrued expenses (Click to select)SourceUse $ Long-term debt (Click to select)UseSource $ Common stock (Click to select)UseSource $ Accumulated retained earnings (Click to select)SourceUse $
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