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Consider the following abbreviated financial statements for Cabo Wabo, Incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 31, 2021 and 2022 Assets 2021
Consider the following abbreviated financial statements for Cabo Wabo, Incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Liabilities and Owners Equity 2021 2022 Current assets $ 3,142 $ 3,356 Current liabilities $ 1,393 $ 2,068 Net fixed assets 14,049 14,510 Long-term debt 7,365 8,408 CABO WABO, INCORPORATED 2022 Income Statement Sales $ 44,985 Costs 22,517 Depreciation 3,879 Interest paid 997 a. What is owners equity for 2021 and 2022? Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. b. What is the change in net working capital for 2022? Note: 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 2022, the company purchased $8,029 in new fixed assets. The tax rate is 22 percent. How much in fixed assets did the company sell? Note: Do not round intermediate 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? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d-1. During 2022, the company raised $2,473 in new long-term debt. What is the cash flow to creditors? Note: 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? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32
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