Financial Statements. Here are the 1999 and 2000 (incomplete) balance sheets for Nobel Oil Corp.

a. What was owners’ equity at the end of 1999 and 2000?

b. If Nobel paid dividends of $100 in 2000, what must have been net income during the year?

c. If Nobel purchased $300 in fixed assets during the year, what must have been the depreciation charge on the income statement?

d. What was the change in net working capital between 1999 and 2000?

e. If Nobel issued $200 of new long-term debt, how much debt must have been paid off during the year?

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NOBEL OIL CORP. BALANCE SHEET, AS OF END OF YEAR Liabilities and Assets 1999 2000 Owners' Equity 1999 2000 Current assets $ 310 $ 420 Net fixed assets 1,200 1,420 Current liabilities Long-term debt $210 $240 830 920