Consider the following abbreviated financial statements for Cabo Wabo, Inc.:

10. 10.00 points Problem 2-22 Calculating Cash Flows [LO 4] Consider the following abbreviated financial statements for Cabo Wabo, Inc. CABO WABO, INC Partial Balance Sheets as of Dacember 31, 2015 and 2016 2015 2016 2015 2016 Liabilities and Owners' Equity $ 1,119 S 1,667 6,635 7,830 Assets Current assets Net fixed assets 2,729 2,872 Current liabilities 12,467 13,021 Long-term debt CABO WABO, INC 2016 Income Statement Sales Costs Depreciation Interest paicd $ 40,030 20,058 3,423 648