$37$ of $563$

$$

$$

earl

$0/0$

$22.$ Calculating Cash Flows $($LO$3)$ Consider the following abbreviated financial statements for Barrie Enterprises:

Page $65$

BARRIE ENTERPRISES

$2019$ and $2020$ Partial Statement of Financial Position

Assets

Liabilities and Owner's Equity

Current assets

Net fixed assets

$2019$

$ $914$

$3,767$

$2020$

$ $990$

$4,536$

$2019$

$2020$

Current liabilities

Long$-$term debt

$ $365$

$1,991$

$ $410$

$2,117$

Sales

Costs

Depreciation

Interest Paid

a$.$ What is owner's equity for $2019$ and $2020?$

b$.$ What is the change in net working capital for $2020?$

c$.$ In $2020,$ Barrie Enterprises purchased $$1,890$ in new fixed assets. How much in fixed assets did Barrie Enterprises sell?

What is the cash flow from assets for the year? $($The tax rate is $35\%.)$

d$.$ During $2020,$ Barrie Enterprises raised $$378$ in new long$-$term debt. How much long$-$term debt must Barrie Enterprises have paid off during the year? What is the cash flow to creditors?