Consider the following abbreviated financial statements for Cabo Wabo, Inc.: (Enter your answer as directed, but do not round Intermediate calculations.) CABO WABO, INC. Partial Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets $ 3,198 $ 3,389 Current liabilities $ 1,381 $ 2,030 Net fixed assets 14,826 15,500 Long-term debt 8,086 9,434 CABO WABO, INC. 2014 Income Statement Sales $ 47,842 Costs 23,992 Depreciation 4.040 Interest paid 750 Requirement 1: What is owners' equity for 2013 and 2014? (Round your answers to the nearest whole number (0.g. 32).) Owners' equity 2013 2014 Requirement 2: What is the change in net working capital for 2014? (Round your answer to the nearest whole number (0.g., 32). Negative amount should be indicated by a minus sign.) Change in net working capital Requirement 3: In 2014, Cabo Wabo purchased $8,424 in new fixed assets. The tax rate is 40 percent (a) How much in fixed assets did Cabo Wabo sell? (Round your answer to the nearest whole number (0.g., 32).) Fixed assets sold (b) What is the cash flow from assets for the year? (Round your answer to the nearest whole number amount (e.g., 32).) Change in net working capital Requirement 3: In 2014, Cabo Wabo purchased $8,424 in new fixed assets. The tax rate is 40 percent. (a) How much in fixed assets did Cabo Wabo sell? (Round your answer to the nearest whole number (e.g., 32).) Fixed assets sold (b) What is the cash flow from assets for the year? (Round your answer to the nearest whole number amount (e.g., 32).) Cash flow from assets Requirement 4: During 2014, Cabo Wabo raised $2,535 in new long-term debt. (a) What is the cash flow to creditors? (Round your answer to the nearest whole number (e... 32).) Cash flow to creditors (b) How much long-term debt must Cabo Wabo have paid off during the year? (Round your answer to the nearest whole number (0.9., 32). Negative amount should be indicated by a minus sign.) Debt retired $ References eBook & Resources Worksheet Difficulty: Intermediate Learning Objective: 02-04 D Check my work