Consider the following abbreviated financial statements for Parrothead Enterprises:

PARROTHEAD ENTERPRISES

$2021$ Income Statement

a$.$ What is owners' equity for $2020$ and $2021?($Do not round intermediate

calculations.$)$

b$.$ What is the change in net working capital for $2021?($Do not round intermediate

calculations.$)$

c$-1.$ In $2021,$ Parrothead Enterprises purchased $$2,664$ in new fixed assets. How much

in fixed assets did Parrothead Enterprises sell? $($Do not round intermediate

calculations.$)$

c$-2.$ In $2021,$ Parrothead Enterprises purchased $$2,664$ in new fixed assets. What is the

cash flow from assets for the year? The tax rate is $22$ percent. $($Do not round

intermediate calculations.$)$

d$-1.$ During $2021,$ Parrothead Enterprises raised $$574$ in new long$-$term debt. How much

long$-$term debt must Parrothead Enterprises have paid off during the year? $($Do not

round intermediate calculations.$)$

d$-2.$ During $2021,$ Parrothead Enterprises raised $$574$ in new long$-$term debt. What is the

cash flow to creditors? $($Do not round intermediate calculations.$)$