CH2 Cash flow and Statements Assignment 3 Saved Consider the following abbreviated financial statements for Parrothead Enterprises: 00 8 Assets PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets 2020 2021 Liabilities and Owners' Equity $ 1.254 $ 1,371 Current liabilities 5,029 6,076 Long-term debt 10 Current assets Net fixed assets 2020 2021 $ 538 $ 589 2,716 2.891 points eBook PARROTHEAD ENTERPRISE 2021 Income Statement Sales $ 15,682 Costs 7,207 Depreciation 1,411 Interest pald 420 Hint a. References What is owners' equity for 2020 and 2021? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the change in net working capital for 2021? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) C-1. In 2021, Parrothead Enterprises purchased $2,592 in new fixed assets. How much In fixed assets did the company sell? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. In 2021, Parrothead Enterprises purchased $2,592 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 24 percent. (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. During 2021, Parrothead Enterprises raised $544 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-2 During 2021, Parrothead Enterprises raised $544 in new long-term debt. What is the cash flow to creditors? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Owners' equity 2020 . Owners' equity 2021 b. Change in NWC C-1. Fixed assets sold C-2. Cash flow from assets d-1. Debt retired d-2. Cash flow to creditors