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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 $ 3,133 $ 3,345 Current liabilities $ 1,387 $ 2,058
Net fixed assets 14,038 14,509 Long-term debt 7,353 8,397
CABO WABO, INCORPORATED
2022 Income Statement
Sales $ 44,970
Costs 22,512
Depreciation 3,873
Interest paid 999

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 $8,020 in new fixed assets. The tax rate is 21 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 $2,467 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.

a. 2021 Owners' equity
a. 2022 Owners' equity
b. Change in net working capital
c-1. Fixed assets sold
c-2. Cash flow from assets
d-1. Cash flow to creditors
d-2. Debt retired

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