Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity 2020 Current assets $1,212 $1,315 Current liabilities Net fixed assets 4,980 5,999 Long-term debt PARROTHEAD ENTERPRISES 2021 Income Statement Sales Costs Depreciation Interest paid a. $15,346 7,144 1,369 392 What is owners' equity for 2020 and 2021? (Do not round intermediate calculations.) b. What is the change in net working capital for 2021? (Do not round intermediate calculations.) c-1. In 2021, Parrothead Enterprises purchased $2,508 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2021, Parrothead Enterprises purchased $2,508 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) a. Owners' equity 2020 a. Owners' equity 2021 2021 $489 $547 2,639 2,807 d-1. During 2021, Parrothead Enterprises raised $509 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.) d-2. During 2021, Parrothead Enterprises raised $509 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) $ $ 3,064 3,960

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Operating Cash Flows

A cash flow statement (CFS) helps the company to know the amount of cash at its disposal, the activities that lead to earning cash, and the activities which require cash expenditure for a particular period. The statement represents the liquidity of the company.