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

Assets

Current Assets Net Fixed Assets

2018 2019

310 420 1200 1420

Liabilities and Shareholders Equity 2018 2019

a) What was shareholders equity at the end of 2018, and at the end of 2019?

b) If Newble paid dividends of $100 in 2018 and made no stock issues, what must have been net income during the year?

c) If Newble purchased $300 in fixed assets during 2018, what must have been the depreciation charge on the income statement?

d) What was the change in the net working capital between 2018 and 2019?

e) If Newble issued $200 of new long-term debt, how much debt must have been paid off during the year?