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Calculating Cash Flows. Consider the following abbreviated financial statements for Parrothead Enterprises. Balance sheets: 2 0 2 0 Current assets $ 1 3 2 7

Calculating Cash Flows. Consider the following abbreviated financial statements for Parrothead Enterprises.
Balance sheets:
2020 Current assets $1327
2020 Net fixed assets $5470
2020 Current liabilities $530
2020 Long-term debt $2891
2021 Current assets $1438
2021 Net fixed assets $6587
2021 Current liabilities $595
2021 Long-term debt $3075
Income Statement:
Sales $16831
Costs $7849
Depreciation $1499
Interest paid $427
Q:
In 2021, Parrothead Enterprises purchased 2,740 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.

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