Consider the following abbreviated financial statements for Parrothead Enterprises:

PARROTHEAD ENTERPRISES
2010 and 2011 Partial Balance Sheets
Assets	2010	2011	Liabilities and Owners Equity	2010	2011
Current assets	$ 1,284	$ 1,411	Current liabilities	$ 573	$ 619
Net fixed assets	5,064	6,131	Long-term debt	2,771	2,951

PARROTHEAD ENTERPRISES
2011 Income Statement
Sales	$ 15,922
Costs	7,252
Depreciation	1,441
Interest paid	440

a. What is owners' equity for 2010 and 2011? (Do not round intermediate calculations.)

Total assets = Current assets + Net fixed assets

Total liabilities = Current liabilities + Long term debt

Total assets = Total liabilities + Total equity

2010: 2011:

Tot assets = (1284+5064) = $6348 Tot assets = (1411+ 6131) = $7542

Tot liabilities = (573+2771) = $3344 Tot liabilities = (619 + 2951) = $3570

Tot owners equity = (6348 - 3344) = $3004 Tot owners equity = (7542 - 3570) = $3972

b. What is the change in net working capital for 2011? (Do not round intermediate calculations.)

Net working capital = Current assets - Current liabilities

= (1411 - 619) = $792

c-1. In 2011, Parrothead Enterprises purchased $2,652 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.)

Fixed assets sold = 2652 - Net Capital spending

Net Capital Spending = 1,411 + 6,131 - 5,064 = 2,508

Fixed assets sold = 2652 - 2,508

= 144

c-2. In 2011, Parrothead Enterprises purchased $2,652 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.)

EBIT = Sales - Costs - Depreciation Expense

= 15,922 - 7,252 - 1,441

= $7229

EBT = Sales - Costs - Depreciation Expense - interest expense

= 15,922 - 7,252 - 1,441 - 440

= $6,789

Taxes = tax rate % * EBT

= .21 * $6,789

= $1,425.69

Operating Cashflow = EBIT + Depreciation - Tax

= $7,229 + $1,441 - $1,425.69

= 7244.31

Change in WC = (2021 CA - 2021 CL) - (2020 CA - 2020 CL)

= (1411 - 619) - (1284 - 573)

= 81

Cashflow from assets = operating cashflow - net capital spending - change in wc

= 7244.31 - 2508 - 81

= 4655.31

Need the D answer

d part 1. During 2011, Parrothead Enterprises raised $569 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 part 2. During 2011, Parrothead Enterprises raised $569 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)