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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 $ 2,690 $ 2,852 Current liabilities $ 1,162 $ 1,540
Net fixed assets 12,475 13,044 Long-term debt 6,445 6,898
CABO WABO, INCORPORATED
2022 Income Statement
Sales $ 40,257
Costs 20,189
Depreciation 3,395
Interest paid 929

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 $7,088 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 $2,134 in new long-term debt. What is the cash flow to creditors?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

d-1. 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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