Consider the following abbreviated financial statements for Parrothead Enterprises:

PARROTHEAD ENTERPRISES 2010 and 2011 Partial Balance Sheets
Assets								Liabilities and Owners Equity
		2010			2011					2010			2011
Current assets	$	944		$	1,004			Current liabilities	$	380		$	413
Net fixed assets		3,877			4,596			Long-term debt		2,031			2,192

PARROTHEAD ENTERPRISES 2011 Income Statement
Sales	$	12,245
Costs		5,885
Depreciation		1,000
Interest paid		180

a.	What is owners' equity for 2010 and 2011?

Owners' equity 2010	$
Owners' equity 2011	$

b.	What is the change in net working capital for 2011?

Change in NWC

$

c-1	In 2011, Parrothead Enterprises purchased $1,870 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell?

Fixed assets sold

$

c-2	In 2011, Parrothead Enterprises purchased $1,870 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.)