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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets 2017 Current assets $1,290 $1,419 Net fixed

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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets 2017 Current assets $1,290 $1,419 Net fixed assets 5,071 Liabilities and Owners' Equity 2018 580 625 2,782 2,963 2018 2017 Current liabilities Long-term debt 6,142 PARROTHEAD ENTERPRISES 2018 Income Statement 15,970 Sales Costs 7,261 1,447 Depreciation Interest paid 444 What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.) b. a. What is the change in net working capital for 2018? (Do not round intermediate calculations.) c-1. In 2018, 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 2018, 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 2018, 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 2018, Parrothead Enterprises raised $574 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) Owners' equity 2017 a. Owners' equity 2018 Change in NWC b. Fixed assets sold c-1 Cash flow from assets c-2 d-1 Debt retired d-2. Cash flow to creditors

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