Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 12,250 Accounts payable $ 46,400 31,000 Notes payable 20,600 64,250 Current assets Cash Accounts receivable Inventory $ 7,800 15,800 53,400 $ 52,750 26,500 Total $ 77,000 $ 107,500 Total $ 67,000 $ 46,000 $ 79,250 $ 40,000 Long-term debt Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 237,000 $ 50,000 330,750 Net plant and equipment $323,000 $392,500 Total $ 287,000 $380,750 Total assets $400,000 $500,000 Total liabilities 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., 32.1616.) 2017 2018 Assets $ $ Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity 7,800 15,800 53,400 77,000 12,250 31,000 64,250 107,500 $ $ $ $ 323,000 400,000 $ $ 392,500 500,000 Current liabilities Accounts payable Notes payable $ $ $ $ 46,400 20,600 67,000 46,000 $ $ $ $ 52,750 26,500 79,250 40,000 Total $ $ Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 50,000 237,000 287,000 400,000 50,000 330,750 380,750 500,000 $ $ $ $