Assets 2020Current assets Cash $ 7,800Accounts receivable 15,800Inventory 53,400Total $ 77,000Net plant and equipment $323,000Total assets 400,000 JUST DEW IT CORPORATION2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity 2020Current liabilities$12,250 Accounts payable $ 46,40031,000 Notes payable 20,60064,250$107,500 Total $ 67,000Long-term debt $ 46,000 Owners' equity Common stock and paid-in surplus $ 50,000Retained earnings 237,000$ Total $ 287,000392,500 '$ Total liabilities and owners' equity500,000 400,000 Prepare the 2020 and 2021 common-size balance sheets for Just Dew It. (Do not roundintermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2021 $ 52,750 26,500 $79,250 $ 40,000 $ 50,000 330,750 $380,750 $500,000 2020 % 2021 %AssetsCurrent assetsCash $ 7,800 % | § 12,250Accounts receivable 15,800 % 31,000Inventory 53,400 % 64,250Total $ 77,000 % | $ 107,500Fixed assetsNet plant and equipment $ 323,000 % $ 392,500 %Total assets $ 400,000 Y% $ 500,000 %Liabilities and Owners' EquityCurrent liabilitiesAccounts payable 3 46,400 $ 52,750Notes payable 20,600 26,500Total $ 67,000 $ 79,250Long-term debt $ 46,000 $ 40,000Owners' equityCommon stock and paid-in surplus $ 50,000 $ 50,000Retained earnings 237,000 330,750Total $ 287,000 $ 380,750Total liabilities and owners' equity $ 400,000 $ 500,000