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Problem 3-7 Financial Statements (L01) Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp. BALANCE SHEET AT END OF YEAR (Figures

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Problem 3-7 Financial Statements (L01) 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 Current assets $ 320 $ 478 Current liabilities Net fixed assets 1,300 1,478 Long-term debt 2018 2019 $250 $ 258 888 1,82e a&b. What was shareholders' equity at the end of 2018 and 2019? c. If Newble paid dividends of $150 million in 2019 and made no stock issues, what must have been net income during the year? d. If Newble purchased $350 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? 1. If Newble issued $220 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. Reg A and B Reqc Reg D ReqE ReqF What was shareholders' equity at the end of 2018 and 2019? (Enter your answers in millions.) 2018 million 2019 million Shareholders' equity CRNA and Reqc >

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