8.Calculating Cash Flows.Consider the following abbreviated financial statements for Cabo Wabo, Inc.:

a.What is owners' equity for 2013 and 2014?

(__________)

b.What is the change in net working capital for 2014?

(__________)

c.In 2014, Cabo Wabo purchased $8,424 in new fixed assets. How much in fixed assets did Cabo Wabo sell?

(__________)

d.What is the cash flow from assets for the year? (The tax rate is 40 percent.)

(__________)

e.During 2014, Cabo Wabo raised $2,535 in new long-term debt. How much long-term debt must Cabo Wabo have paid off during the year?

(__________)

f.What is the cash flow to creditors?

(__________)