South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets INCOME STATEMENT, 2022 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense 2021 $ 105 950 2022 $ 215 1,050 $ 2,025 1,105 Req A and B Req C and D 425 255 BALANCE SHEET AT END OF YEAR (Figures in $ millions) Liabilities and Shareholders' Equity Current liabilities Long-term debt 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? g. Net fixed assets increased from $950 million to $1,050 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022? Complete this question by entering your answers in the tabs below. Req E h. If South Sea reduced its outstanding accounts payable by $50 million during the year, what must have happened to its other current liabilities? Req F 2021 $80 675 Req G 2022 $ 105 900 Req H

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? g. Net fixed assets increased from $950 million to $1,050 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 $50 milion during the year, what must have happened to its other current liabilities? Complete this question by entering your answers in the tabs below