Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp.

BALANCE SHEET AT END OF YEAR
(Figures in $ millions)
Assets	2018			2019			Liabilities and Shareholders' Equity	2018			2019
Current assets	$	316		$	450		Current liabilities	$	240		$	246
Net fixed assets		1,260			1,450		Long-term debt		860			980

a&b. What was shareholders' equity at the end of 2018 and 2019?

c. If Newble paid dividends of $130 million in 2019 and made no stock issues, what must have been net income during the year?

d. If Newble purchased $330 million in fixed assets during 2019, what must have been the depreciation charge on the income statement?

e. What was the change in net working capital between 2018 and 2019?

f. If Newble issued $212 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.)

Complete this question by entering your answers in the tabs below.

A y B : What was shareholders equity at the end of 2018 and 2019? (Enter your answers in millions.)

	2018		2019
Shareholders' equity.		million		million

C: If Newble paid dividends of $130 million in 2019 and made no stock issues, what must have been net income during the year? (Enter your answer in millions.)

Net income.

million

D: If Newble paid dividends of $130 million in 2019 and made no stock issues, what must have been net income during the year? (Enter your answer in millions.)

Net income.

million

E: What was the change in net working capital between 2018 and 2019? (Enter your answer in millions.)

Change in net working capital.

million

F: If Newble issued $212 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.)

Debt paid during the year.

million