Problem $2-22$ Calculating Cash Flows $($LO$3)$

Consider the following abbreviated financial statements for Barrie Enterprises:

BARRIE Enterprises

$2019$ and $2020$ Partial Statement of Financial Position

Assets Liabilities and

Owner's Equity

$20192020$

$2019,2020$

Current assets $$928,$$$1,004$ Current liabilities $$\{\begin{array}{ccc}\text{:}[2019,& \text{\$}4,& 413]\end{array}$

BARRIE Enterprises

$2020$ Statement of Comprehensive Income

Sales $$12,300$

Costs $5,469$

Depreciation $,1,103$

Interest paid $308$

a$.$ What is owner's equity for $2019$ and $2020?($Omit $ sign in your response.$)$

Owner's equity $2019$

Owner's equity $2020$

b$.$ What is the change in net working capital for $2020?($Omit $ sign in your response.$)$

Change in NWC

$

c$1.$ In $2020,$ Barrie Enterprises purchased $$1,967$ in new fixed assets. How much in fixed assets did Barrie Enterprises sell? $($Omit $

sign in your response.$)$

Fixed assets sold

c$2.$ In $2020,$ Barrie Enterprises purchased $$1,967$ in new fixed assets. What is the cash flow from assets for the year? $($The tax rate is

$35\%.)($Omit $ sign in your response.$)$

Cash flow from assets

d$1.$ During $2020,$ Barrie Enterprises raised $$392$ in new long$-$term debt. How much long$-$term debt must Barrie Enterprises have paid

off during the year? $($Omit $ sign in your response.$)$

Debt retired

d$2.$ During $2020,$ Barrie Enterprises raised $$392$ in new long$-$term debt. What is the cash flow to creditors? $($Omit $ sign in your

response.$)$

Cash flow to creditors