Consider the following abbreviated financial statements for Parrothead Enterprises:

a. What is owners' equity for 2014 and 2015?
b. What is the change in net working capital for 2015?
c. In 2015, Parrothead Enterprises purchased $2,080 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 35 percent.)
d. During 2015, Parrothead Enterprises raised $420 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year?
What is the cash flow to creditors?

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PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets PARROTHEAD ENTERPRISES 2015 Income Statement Sales Costs $12,751 Liabilities and Owners' Equity 2014 2015 Current assets $1,005 $1,089 Current liabilities 402 $ 451 Assets 2014 2015 Depreciation Net fixed assets 4,144 4,990 Long-term debt 2,190 2,329 Interest paid 5,946 1,136 323