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Please answer the following question Consider the following abbreviated financial statements for Parrothead Enterprises: 2020 2021 PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets

Please answer the following question

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Consider the following abbreviated financial statements for Parrothead Enterprises: 2020 2021 PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity $ Current assets $ 1,347 Current liabilities 1,236 Net fixed assets 5,008 6,043 Long-term debt $ 517 $ 571 2.683 2,855 PARROTHEAD ENTERPRISES 2021 Income Statement $ Sales 15,538 Costs 7,180 Depreciation 1,393 Interest paid 408 a. What is owners' equity for 2020 and 2021? (Do not round intermediate calculations.) b. What is the change in net working capital for 2021? (Do not round intermediate calculations.) c-1. In 2021, Parrothead Enterprises purchased $2,556 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2021, Parrothead Enterprises purchased $2,556 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) d-1. During 2021, Parrothead Enterprises raised $529 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.) d-2. During 2021, Parrothead Enterprises raised $529 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) a. Owners' equity 2020 a. Owners' equity 2021 b. Change in NWC C-1. Fixed assets sold C-2. Cash flow from assets d-1. Debt retired d-2. Cash flow to creditors

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