Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Net fixed assets $ 2,777 $ 2,908 12,551 13,099 Current liabilities Long-term debt 1,095 $ 1,649 6,557 7,806 CABO WABO, INC. 2016 Income Statement Sales Costs Depreciation Interest paid $ 40,150 20,106 3,465 666 a. What is owners' equity for 2015 and 2016? (Do not round intermediate calculations and round your answers to the 2015 2016 Owners' equity S $ b. What is the change in net working capital for 2016? (A negative answer should be indicated by a minus sign. Do not number, e.g., 32.) Change in net working capital S 1259 c. In 2016, the company purchased $5,966 in new fixed assets. The tax rate is 40 percent. 1. How much in fixed assets did the company sell? (Do not round intermediate calculations and round Fixed assets sold $ 2. What is the cash flow from assets for the year? (Do not round intermediate calculations and round y Cash flow from assets d. During 2016, the company raised $1,900 in new long-term debt. 1. What is the cash flow to creditors? (A negative answer should be indicated by a minus sign. Do not r Cash flow to creditors 2. How much long-term debt must the company have paid off during the year? (Do not round intermediate Debt retired