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Consider the following abbreviated financial statements for CaboWabo, Inc.: CABO WABO, INC.Partial Balance Sheets as of December 31, 2015 and 20162015201620152016AssetsLiabilities and Owners’ EquityCurrent assets$2,753$2,890Current liabilities$1,107$1,658Net fixed assets12,50913,060Long-term debt6,5967,818CABO WABO, INC.2016 Income StatementSales$40,090Costs20,082Depreciation3,444Interest paid657In 2016, the company purchased $5,891 in new fixed assets. Thetax rate is 30 percent.1. How much in fixed assets did the companysell? (Do not round intermediate calculations and roundyour answer to the nearest whole number, e.g., 32.)Fixed assets sold $18962. What is the cash flow from assets for theyear? (Do not round intermediate calculations and roundyour answer to the nearest whole number, e.g., 32.)