Consider the following abbreviated financial statements for Weston Enterprises:

WESTON ENTERPRISES
2017 Income Statement
Sales.................................$15,690
Costs.....................................3,739
Depreciation........................1,339
Interest paid...........................562

a. What was owners' equity for 2016 and 2017?
b. What was the change in net working capital for 2017?
c. In 2017, the company purchased $2,740 in new fixed assets. How much in fixed assets did the company sell? What was the cash flow from assets for the year? The tax rate is 35 percent.
d. During 2017, the company raised $634 in new long-term debt. How much long-term debt must the company have paid off during the year? What was the cash flow to creditors?
Use the following information for Ingersoll, Inc., for Problems 24 and 25 (assume the tax rate is 35 percent):

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WESTON ENTERPRISES 2016 and 2017 Partlal Balance Sheets Assets Liabilities and Owners' Equity 2017 $1,066 $1,145 Current liabilities 5,472 Long-term debt 2016 2016 2017 $518 Current assets $ 475 2,880 Net fixed assets 5,184 3,090 2016 2017 $ 40,743 $ 43,277 Sales Depreciation 5,853 5,858 Cost of goods sold 14,020 15,912 Other expenses 3,322 2,776 Interest 2,098 3,142 Cash 21,364 21,856 Accounts receivable 28,283 31,864 Long-term debt 71,550 83,476 Net fixed assets 179,166 183,440 Accounts payable 27,349 25,639 Inventory 50,287 51,675 Dividends 4,966 5,468