Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 9,800 Accounts payable $ 48,000 14,200 Notes payable 10,350 75,800 Current assets Cash Accounts receivable Inventory $ $ 49,800 18,600 $ 4,350 11,550 58,350 $ 74,250 Total $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in $45.000 surplus Retained earnings 154,650 $ 45,000 252,600 Net plant and equipment $225,750 $300,200 Total $ 199,650 $ 297,600 Total assets $300,000 $400,000 Total liabilitibs and owners' equity $300,000 $400,000 Prepare the 2018 combined common-size, common-base year balance sheet for Just Dew it. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) Prepare the 2018 combined common-size, common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) 2017 2018 $ $ 4,350 11,550 58,350 74,250 9,800 14,200 75,800 99,800 $ $ $ S 225,750 300,000 $ $ 300,200 400,000 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets A Liabilities and Owners' Equity Curent liabilites Accounts payable R Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity S $ 48,000 10,350 $ 58,350 $ 42,000 49,800 1 8,600 68,404 34,000 $ $ $ Tools 45,000 154,650 199,650 300,000 45,000 252,600 297,600 400,000 $ $ E