Chapter 2 - Session 2 21. Calculating Cash Flows Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERP RISES 2015 and 2014 Partial Balance Sheets WESTON ENTERPRISES 2015 Income Statement Liabilities and Owners' Equity Assets $14,740 Sales 2015 2015 2014 2014 Costs 5,932 $ 445 $40 Current assets $1,176 $964 Current liabilities Depreciation 1,190 Net fixed assets 5,104 4,384 Long-term debt 2,713 2,380 Interest paid 328 a. What is owners' equity for 2014 and 2015? b. What is the change in net working capital for 2015? c.In 2015, Weston Enterprises purchased $2,350 in new fixed assets. How much in fixed assets did Weston Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 40 percent.) d. During 2015, Weston Enterprises raised $4555 in new long-term debt. How much long-term debt must Weston Enterprises have paid off during the year? What is the cash flow to creditors? Assume further that the firm paid $2,000 dividends in 2015. Calculate the net amount of stock issue in 2015 in part d)