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Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets...

Consider the following abbreviated financial statements for Cabo Wabo, Inc.:
CABO WABO, INC.
Partial Balance Sheets as of December 31, 2018 and 2019
2018 2019 2018 2019
Assets Liabilities and Owners’ Equity
  Current assets $ 2,989 $ 3,169     Current liabilities $ 1,291 $ 1,898
  Net fixed assets 13,862 14,493     Long-term debt 7,161 8,221
CABO WABO, INC.
2019 Income Statement
  Sales $ 44,730
  Costs 22,432
  Depreciation 3,777
  Interest paid 1,032
a.

What is owners’ equity for 2018 and 2019? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

b. What is the change in net working capital for 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
c. In 2019, the company purchased $7,876 in new fixed assets. The tax rate is 22 percent. How much in fixed assets did the company sell? What is the cash flow from assets for the year? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
d. During 2019, the company raised $2,371 in new long-term debt. What is the cash flow to creditors? How much long-term debt must the company have paid off during the year? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
a. 2018 Owners' equity
2019 Owners' equity
b. Change in NWC
c. Fixed assets sold
Cash flow from assets
d. Cash flow to creditors
Debt retired

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