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Consider the following abbreviated financial statements for Cabo Wabo, Inc.: What is owners' equity for 2013 and 2014? What is the change in net working

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Consider the following abbreviated financial statements for Cabo Wabo, Inc.: What is owners' equity for 2013 and 2014? What is the change in net working capital for 2014? In 2014, Cabo Wabo purchased dollar 8, 242 in new fixed assets. How much in fixed assets did Cabo Wabo sell? What is the cash flow from assets for 2014? (The tax rate is 40 percent.) During 2014, Cabo Wabo raised dollar 2, 535 in new long-term debt. How much long-term debt must Cabo Wabo have paid off during the year? What is the cash flow to creditors

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