Problem Set 1 1. Consider the following abbreviated financial statements for Cabo Wabo, Inc. (tax rate: 23%): CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets $ 3,061 $ 3,257 Current liabilities $ 1,339 $ 1,978 Net fixed assets 13,950 14,501 Long-term debt 7,257 8,309 CABO WABO, INC. 2019 Income Statement Sales $44,850 Costs 22,472 Depreciation 3,825 Interest paid 1,015 a, What is owners' equity for 2018 and 2019? b. What is net income for 2019? C, What is the operating cash flow for 2019? d. What is the cash flow from assets for 2019? e, What is the cash flow to creditors for 2019? f, What is the cash flow to stockholders for 2019