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Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2019 and 2020 Partial Balance Sheets Assets 2019 2020 $1,253 $1,308 Liabilities and
Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2019 and 2020 Partial Balance Sheets Assets 2019 2020 $1,253 $1,308 Liabilities and Owners' Equity 2019 2020 Current assets Net fixed assets 5,782 6,023 Current liabilities $ 571 $ 602 Long-term debt 3,232 3,495 WESTON ENTERPRISES 2020 Income Statement Sales $17,547 Costs 5,209 Depreciation 1,536 Interest paid 714 a. What was owners' equity for 2019 and 2020? (Do not round intermediate calculations.) b. What was the change in net working capital for 2020? (Do not round intermediate calculations.) c-1. In 2020, the company purchased $3,114 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.) c-2. In 2020, the company purchased $3,114 in new fixed assets. What was the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) d-1. During 2020, the company raised $777 in new long-term debt. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations.) d-2. During 2020, the company raised $777 in new long-term debt. What was the cash flow to creditors? (Do not round intermediate calculations.) a. Owners' equity 2019 $ 3,232 Owners' equity 2020 $ 3,234 b. Change in NWC $ 24 c-1. Fixed assets sold c-2. Cash flow from assets d-1. Debt retired
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