Consider the following abbreviated financial statements for Parrothead Enterprises: 2017 and 2016 Partial Balance Sheets Assets Liabilities and Owners' Equitv 2016 2017 $402 $ 451 2,190 2,329 2016 2017 $1,005 Current assets Net fixed assets $1,089Current liabilities 4,990 Long-term debt 4,144 2017 Income Statement Sales Costs Depreciation Interest paid 1. Compute owners' equity for 2016 and 2017. <...> 2. Compute the change in net working capital for 2017. 3, Compute the cash flow from assets for the year, assume 35% tax rate. 4. During 2017, Parrothead Enterprises raised $420 in new long-term debt. How much long- $12,751 5,946 1,136 323 term debt must Parrothead Enterprises have paid off during the year? Compute the cash flow to creditors. And compute the cash flow to stockholders for the year. <...>