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Please help with C-2, D-1, and D-2 CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets
Please help with C-2, D-1, and D-2
CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity 3,290 2,008 Current assets $3,088 $ Current liabilities $ 1,357$ 13,983 14,504 Net fixed assets Long-term debt 7,293 8,342 CABO WABO, INC. 2019 Income Statement Sales $44,895 22,487 Costs Depreciation 3,843 Interest paid 1,009 a. What is owners' equity for 2018 and 2019? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) b. What is the change in net working capital for 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. In 2019, the company purchased $7,975 in new fixed assets. The tax rate is 21 percent. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. What is the cash flow from assets for the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. During 2019, the company raised $2,437 in new long-term debt. What is the cash flow to creditors? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-2. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Answer is not complete. a. $ 8,421 7,444 EA 2018 Owners' equity 2019 Owners' equity Change in net working capital Fixed assets sold b. $ -449 C- $ 3,611 1. Cash flow from assets $ 12,890 % C- 2. d- 1. d- 2. Cash flow to creditors Debt retiredStep by Step Solution
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