Prepare the 2021 common base year balance sheet for Just Dew It.

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Use this information to work the above problem.

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JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets Liabilities and Owners' Equity 2020 2021 2020 2021 Current assets Current liabilities Cash $ 14,588 $ 17,631 Accounts payable $ 55,653 $ 63,073 Accounts receivable 35,258 41,019 Notes payable 21,895 25,324 Inventory 65,567 71,505 Total $ 77,548 $ 88,397 Total $115,413 $130,155 Long-term debt $ 58,000 $ 62,000 Owners' equity Common stock and paid-in surplus $ 60,000 $ 60,000 Retained earnings 418,179 $457,278 $478,179 397,278 Net plant and equipment $477,413 $498,421 Total Total liabilities and Total assets $592,826 $628,576 owners' equity $592,826 $628,576