Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabities and Owners' Equity 2018 2017 Current abilities $ 12.750 Accounts payable $ 50,000 14250 Notes payable 19.000 95.250 S6.500 Current assets Cash Accounts receivable Inventory $ 68.750 35,500 12.200 78.200 Total S 97.000 $ 122,250 Total $ 69.000 $ 104 250 Long-term debt $ 48,000 $ 45,000 Owners' equity Common stock and paid in surplus Retained earnings $ 50,000 $ 50.000 300.750 233,000 Net plant and equipment $300.000 $ 377,750 Tota $289.000 $ 350.750 Total assets 5400,000 $500,000 Total bites and owners equity $400,000 $500,000 Prepare the 2018 common-base year balance sheet for Just Dew it. (Do not round Intermediate calculations and round your answers to 4 decimal places, e.g. 32.1016.) 2017 2018 $ 6.600 $ 12.200 78.200 07.000 $2.750 14250 95.250 122.250 5 $ $ 303.000 400.000 377.750 300.000 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment To assets Liabilities and Owners' Equity Current liabides Accounts payable Notes payable Total Long-term debit Owners equity Connon lock and paiden surplus Accumulated retained earnings Tour Toutes and owners $ 3 3 $ 50.000 5 10.000 69,000 $ 40.000 5 63.750 34.500 104250 5000 s 3 50,000 239.000 293.000 400.000 5 50.000 300.750 350750 500.000 5 5 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets 2018 Assets 2017 2018 Liabilities and Owners' Equity 2017 Current llabetes Accounts payable $ 43,750 Notes payable 24 325 $ 47250 24,780 Current assets Cash Accounts receivable inventory $ 11025 22225 44625 $ 11,970 26,670 51.450 $ 68.075 $ 72,030 Total Total $ 77,875 $ 90,090 $ 35,000 $ 21,000 Long-term debt Owners' equity Common stock and paid in surplus Retained earnings $ 42,000 204 925 $ 42.000 284.970 $326.970 Net plant and equpment $ 272,125 $ 329.910 $246.925 Total $350,000 Total assets Total abilities and owners equity $420,000 $420,000 $350,000 Prepare the 2017 and 2018 common-size balance sheets for Just Dew it (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal ploces, e.g. 32.16.) 2017 2018 Assets Current 11.025 Accounts recevable toy 5 22 225 44,625 S77075 11.070 2007 51.450 90,699 0.048.00 bo 0.000 0.840.00 5 $ 5. 272.125 350.000 N 20.010.10.00 420.000 10.000.00 Natatand timent Toales Liabilities and Owners Equity One Actie 1 N 42.750 24 325 03 OTS 5 49 250 2780 T2030 21 00 90,000.00 1.4000 317.00 5.000.00 Long 3 35.000 . 2000 204925 246925 FA N 42.000 20470 130 TO 23.00 11.50 11.035
