Balance Sheets, As of End of Year

$($figures in millions of dollars$)$

Income Statement, $2021$

$($Figures in millions of dollars$)$

a$.$ What is shareholders' equity in $2020$ and $2021?$

b$.$ What is net working capital in $2020$ and $2021?$

c$.$ What are taxable income and taxes paid in $2021?$ Assume the firm pays taxes

equals to $35$ percent of taxable income.

d$.$ What is cash provided by operations during $2021?$ Pay attention to changes in

net working capital.

e$.$ Net fixed assets increased from $$800$ million to $$900$ million during $2020.$

What must have been South Sea's gross investment in fixed assets during

$2021?$

f$.$ If South Sea reduced its outstanding accounts payable by $$35$ million during

the year, what must have happened to its other current liabilities?