Here are the 2013 and 2014 (incomplete) balance sheets for Newble Oil Corp.

a. What was owners' equity at the end of 2013 and 2014?
b. If Newble paid dividends of $100 in 2014 and made no stock issues, what must have been net income during the year?
c. If Newble purchased $300 in fixed assets during the year, what must have been the depreciation charge on the income statement?
d. What was the change in net working capital between 2013 and 2014?
e. If Newble issued $200 of new long-term debt, how much debt must have been paid off during the year?

BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets Current assets Net fixed assets 1,200 ,420 Long-term debt 2013 2014 Liabilities and Shareholders' Equity 2013 2014 210 240 830 920 310 420 Current liabilities