CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and 2016 2016 2015 2016 Assets Liabilities and Owners' Equity Current essets Net fixed assets S 2,745 2,884 Current liabilities 12,495 13,047 Long-term debt S 1,111 S 1,661 ,822 6,609 7 CABO WABO, INC. 2016 Income Statement Sales Costs S 40,070 20,074 3,437 654 Interest paid a. What is owners' equity for 2015 and 2016? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Owners' equity 2015 2016 b. What is the change in net working capital for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Change in net working capital c. In 2016, the company purchased S5,866 in new fixed assets. The tax rate is 40 percent 1. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Fixed assets sold 2. What is the cash flow from assets for the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow from assets d. During 2016, the company raised $1,840 in new long-term debt. 1. What is the cash flow to creditors? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow to creditors 2. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g, 32.) Debt retired