4. Consider the following abbreviated financial statements for Parrothead Enterprises; Assets 2017 $1,206 4,973 Current Assets Net Fixed assets 2018 $1,307 5,988 liabilities and Owners' Equity 2017 2018 $482 $541 2,628 Current Liabilities Long-term debt 2,795 2018 Income Statement Sales 15,301 Costs 7,135 Depreciation 1,363 Interest Paid 383 a. What is owners' equity for 2017 and 2018? b. What is the change in new working capital for 2018? c. In 2018. Parrothead Enterprise purchased $2,496 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? What is the cash flow from assets for the year? The tax rate is 21 percent. During 2018. Parrothead Enterprises raised $504 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? What is the cash flow to creditors? 5. Use the following information for Taco Sell. Inc 2017 2018 Sales 16,549 18,498 Depreciation 2,376 2,484 Cost of goods sold 5,690 6,731 Other expenses 1,353 1,178 Interest 1,110 1,325 Cash 8,676 9,247 Accounts receivable 11,488 13,482 Short-term notes payable 1,674 1,641 Long-term debt 29,060 35,229 Net fixed assets 72,770 77,610 Accounts payable 6,269 6,640 Inventory 20,424 21,862 Dividends 1,979 2,314 a. Draw up an income statement and balance sheet for this company for 2017 and 2018 b. For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders