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Problem 3-6 Financial Statements (LO1,4) South Sea Baubles has the following (incomplete) balance sheet and income statement. a&b. What is shareholders' equity in 2021 and

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Problem 3-6 Financial Statements (LO1,4) South Sea Baubles has the following (incomplete) balance sheet and income statement. a\&b. What is shareholders' equity in 2021 and 2022? c\&d. What is net working capital in 2021 and 2022 ? e. What are taxes paid in 2022 ? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? 9. Net fixed assets increased from $860 million to $960 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022 ? h. If South Sea reduced its outstanding accounts payable by $41 milion during the year, what must have happened to its other current liabilities? crid. What is net working capital in 2U1 and U2 ? e. What are taxes paid in 2022 ? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? g. Net fixed assets increased from $860 million to $960 million during 2022 . What must have been South Sea's gross in fixed assets during 2022 ? h. If South Sea reduced its outstanding accounts payable by $41 million during the year, what must have happened to its liabilities? Complete this question by entering your answers in the tabs below. What is shareholders' equity in 2021 and 2022 ? (Enter your answers in millions.) Complete this question by entering your answers in the tabs below. What is net working capital in 2021 and 2022? (Enter your answers in millions.) Complete this question by entering your answers in the tabs below. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. (Do not round inte? calculations, Enter your answer in millions rounded to 2 decimal places.) Complete this question by entering your answers in the tabs below. What is cash provided by operations during 2022? (Do not round intermediate calculations. Enter your answer in mil rounded to 2 decimal places.) Complete this question by entering your answers in the tabs below. Net fixed assets increased from $860 million to $960 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022 ? (Enter your answer in millions.) Complete this question by entering your answers in the tabs below. If South Sea reduced its outstanding accounts payable by $41 million during the year, what must have happened to its othe current liabilities? (Enter your answers in millions.)

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