Consider the following abbreviated financial statements for Cabo Wabo, Inc. CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets $3,088 $ 3.290 Current liabilities 2018 2019 $ 1,357$ 2,008 13.983 14,504 Long-term debt Net fixed assets 7,293 8,342 $44,895 CABO WABO, INC. 2019 Income Statement Sales 22,487 Costs Depreciation 3,843 Interest paid 1,009 Q. What is owners' equity for 2018 and 2019? (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g.. 32.) What is the change in net working capital for 2019? (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.) C-1. In 2019, the company purchased $7,975 in new fixed assets. The tax rate is 21 percent. How much in fixed assets did the company sell? (Do not round te calculations and round your answer to the nearest whole number, e.g., 32.) c-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.) d-1. During 2019, the company raised $2,437 in new long-term debt. 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.) d-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.) Sales $44,895 22.487 Costs Depreciation Interest paid 3.843 1,009 What is owners' equity for 2018 and 2019? (Do not round intermedi and round your answers to the nearest whole number, e.g., 32.) b. What is the change in net working capital for 2019? (A negative ans indicated by a minus sign. Do not round intermediate calculations your answer to the nearest whole number, e.g., 32.) C-1. In 2019, the company purchased $7.975 in new fixed assets. The tax percent. How much in fixed assets did the company sell? (Do not rou intermediate calculations and round your answer to the nearest wh e.g., 32.) C-2. What is the cash flow from assets for the year? (Do not round interme calculations and round your answer to the nearest whole number, e d-1. During 2019, the company raised $2,437 in new long-term debt. What flow to creditors? (A negative answer should be indicated by a minus round intermediate calculations and round your answer to the neare number, e.g., 32.) d-2. How much long-term debt must the company have paid off during the round intermediate calculations and round your answer to the neare number, e.g., 32.) b. a. 2018 Owners' equity 2019 Owners' equity Change in net working capital C-1. Fixed assets sold c-2. Cash flow from assets d-1. Cash flow to creditors d-2. Debt retired
