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2021. 9 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets Current assets 2020 2021 Cash $ 6,600 $ 15,250 Accounts receivable Inventory
2021. 9 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets Current assets 2020 2021 Cash $ 6,600 $ 15,250 Accounts receivable Inventory 26,600 75,800 29,750 92,250 Total $ 109,000 $137,250 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity 2020 2021 $ 62,400 $ 65,750 26,400 31,500 $ 88,800 $97,250 $ 50,000 $40,000 Common stock and paid-in surplus $ 52,000 $ 52,000 Retained earnings 209,200 310,750 Net plant and equipment $291,000 $362,750 Total $261,200 362,750 Total assets 400,000 500,000 Total liabilities and owners' equity 400,000 500,000 Prepare the 2020 and 2021 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.) 2020 % 2021 % Assets Current assets Cash Accounts receivable Inventory look Total $ 6,600 % $ 15,250 % 26,600 % 29,750 % 75,800 % 92,250 % $ 109,000 % $ 137,250 % rences Fixed assets Net plant and equipment $ 291,000 % $ 362,750 % Total assets $ 400,000 % $ 500,000 % Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt $ 62,400 % $ 65,750 % 26,400 % 31,500 % $ 88,800 % $ 97,250 % $ 50,000 % $ 40,000 % Owners' equity Common stock and paid-in surplus $ 52,000 % $ 52,000 % Retained earnings 209,200 % 310,750 % Total $ 261,200 % Total liabilities and owners' equity $ 400,000 % $ SS $ 362,750 % 500,000 % C
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