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Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2016 and 2017 Partial Balance Sheets Assets Liabilities and Owners Equity 2016 2017 2016

Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2016 and 2017 Partial Balance Sheets Assets Liabilities and Owners Equity 2016 2017 2016 2017 Current assets $ 932 $ 980 Current liabilities $ 375 $ 400 Net fixed assets 3,867 4,572 Long-term debt 2,018 2,162 WESTON ENTERPRISES 2017 Income Statement Sales $11,675 Costs 5,675 Depreciation 1,050 Interest paid 170 a. What was owners' equity for 2016 and 2017? (Do not round intermediate calculations.) Owners' equity 2016 $ Owners' equity 2017 $ b. What was the change in net working capital for 2017? (Do not round intermediate calculations.) Change in NWC $ c-1 In 2017, the company purchased $1,840 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.) Fixed assets sold $ c-2 In 2017, the company purchased $1,840 in new fixed assets. What was the cash flow from assets for the year? The tax rate is 35 percent. (Do not round intermediate calculations.) Cash flow from assets $ d-1 During 2017, the company raised $380 in new long-term debt. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations.) Debt retired $ d-2 During 2017, the company raised $380 in new long-term debt. What was the cash flow to creditors? (Do not round intermediate calculations.)

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