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Assets 2020 Current assets Cash $14,200 Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION

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Assets 2020 Current assets Cash $14,200 Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Accounts payable 2021 Current liabilities $18,260 Accounts receivable Inventory 19,000 51,800 54,780 23,100 Notes payable Total $85,000 $96,140 Total Long-term debt Owners' equity 2020 $ 58,400 23,400 $ 81,800 $ 32,000 Common stock and paid-in surplus $44,000 Retained earnings 242,200 $ Net plant and equipment $315,000 $343,860 Total 286,200 $ $ $ Total assets Total liabilities and owners' equity 400,000 440,000 400,000

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