2018 Assets 2017 Current assets Cash $ 12,157 Accounts receivable 29,382 Inventory 54,632 Total $ 96,171 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 14,105 Accounts payable $ 46,382 32,815 Notes payable 18,246 57,204 $ 49,276 19,784 Total $ 104,124 $ 69,060 $ 64,628 Long-term debt $ 49,000 $ 45,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 50,000 299,784 $ 50,000 315,894 $349,784 $365,894 Total $367,241 $375,830 Net plant and equipment $ 463,412 $479,954 $463,412 $479,954 Total liabilities and owners' equity Total assets Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2017 % 2018 Assets Current assets $ % $ % % % 12,157 29,382 54,632 96,171 14,105 32,815 57,204 104,124 % % $ $ % 367,241 463,412 % % $ $ 375,830 479,954 $ % Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ % $ % % % 46,382 18,246 64,628 49,000 49,276 19,784 69,060 45,000 $ $ % % % $ $ % $ % $ 50,000 299,784 *** OR 50,000 315,894 365,894 479,954 % $ $ 349,784 463,412 $ $ % % 10 of 15 Next