g () Calculating Cash Flows [LO4) consider the following abbreviated financial statements for Parrot head Enterprises: PARROTHEAD ENTERPRISES 2008 and 2009 Partial Balance Sheets Assets Liabilities and Owners' Equity 2008 2009 2008 2009 Current assets Net fixed assets $ 653 2.691 $ 707 3,240 Current liabilities Long-term debt $ 261 1,422 $ 293 1,512 a. What is owners' equity for 2008 and 2009? b. What is the change in net working capital for 2009? c. In 2009, Parrothead Enterprises purchased $1,350 in new fixed assets. How much in fi xed assets did Parrothead Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 35 percent.)