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zto.mhduation.com Consider the following abbreviated financial statements for Cabo Wabo, Inc.: (Enter your answer as directed, but do not round intermediate calculations.) CABO WABO, INC

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zto.mhduation.com Consider the following abbreviated financial statements for Cabo Wabo, Inc.: (Enter your answer as directed, but do not round intermediate calculations.) CABO WABO, INC Partial Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Current assets Net fixed assets 2,681 2,836 Current liabilities 12,383 12,943 Long-term debt $ 1,143 $ 1,685 6,713 7,854 o WABO, INC. 14 Income Statement Sales Costs Dep Interest paid $39,910 20,010 3,381 630 Requirement 1: What is owners' equity for 2013 and 2014? 2013 2014 Requirement 2: What is the change in net working capital for 2014? (Negative amount should be indicated by a minus sign.) Change in net working capital Requirement 3: In 2014, Cabo Wabo purchased $5,666 in new fixed assets. The tax rate is 40 percent. (a) How much in fixed assets did Cabo Wabo sell? (Round your answer to the nearest whole dollar

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