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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017

Consider the following abbreviated financial statements for Parrothead Enterprises:

PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets
Assets Liabilities and Owners Equity
2017 2018 2017 2018
Current assets $ 1,308 $ 1,443 Current liabilities $ 601 $ 643
Net fixed assets 5,092 6,175 Long-term debt 2,815 2,999

PARROTHEAD ENTERPRISES 2018 Income Statement
Sales $ 16,114
Costs 7,288
Depreciation 1,465
Interest paid 456

a. What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.)
b. What is the change in net working capital for 2018? (Do not round intermediate calculations.)
c-1. In 2018, Parrothead Enterprises purchased $2,700 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 $2,700 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.)
d-1. During 2018, Parrothead Enterprises raised $589 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 $589 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)

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