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Consider the following abbreviated financial statements for Cabo Wabo, Inc. CABO WABO, INC. Partial Balance Sheets as of December 31,.2015 and 2016 Liabilities and Owners'

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Consider the following abbreviated financial statements for Cabo Wabo, Inc. CABO WABO, INC. Partial Balance Sheets as of December 31,.2015 and 2016 Liabilities and Owners' Equity 20152016 2015 16 Assets Current assets Net fixed assets s 2,777 S 2,908 Current liabilities 12,551 13,099 Long-term debt s 1,095 s 1,649 6,557 7,806 CABO WABO, INC. 2016 Income Statement Sales Costs S 40,150 20,106 3,465 tion Interest paid a. What is owners equity for 2015 and 2016? (Do not round intermediate calculations and round your answers to the 2015 2016 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 capitalS 1259

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