Prepare the 2015 common- base year balance sheet for Just Dew It.

Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Use this information to work Problems 13 through 17.

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JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Accounts receivable Inventory $11,13513,407 Accounts payable 45,166 48,185 17,773 18,257 62,939 $66,442 28,419 30,915 51,163 56,295 $ 90,717 $100,617 Notes payable Total Total 44,000 39,000 Long-term debt Owners' equity Common stock and paid-in surplus 50,000 50,000 Retained earnings 260,234 302,735 $310,234 $352,735 Net plant and equipment $326,456 $357 560 Total Total liabilities and Total assets $417,173 $458,177owners' equity $417,173 $458,177