In addition to common-size financial statements, common-base-year financial statements are often used. Common-base year financial statements are constructed by dividing the current-year account value by base-year account value. Thus, the result shows the growth rate in the account. Prepare the common-size balance sheet and common-base-year balance sheet for the company. Use 2016 as the base-year. (Do not round intermediate calculations. Enter all common-size answers as a percent. Round your common-size answers to 2 decimal places, e.g., 32.16, and common-base-year answers to 4 decimal places, e.g., 32.1616.) JARROW CORPORATION Common-base 2016 Common-size 2017 Common-size ear Assets Current assets 121.6421 Cash Accounts receivable Inventory $ 8,964 3.12 $ 10,904 22,353 | 7.75 % 24,837 | 7.64 % 1111.11260 38,722 |13.48 43,697 |13.450% |112.8480| | 24.38 $ 79,438 | 24.47 | 113.4197| |112.8734| |113.0066 Total $ 70,039 Fixed assets |75.5310% 75.620% |100.00|% Net plant and equipment 217,270 245, 240 Total assets $287,309 $.324,678 |100.00 | % 50 Liabilities and Owners Equity Current liabilities 14.90 $ 47,784 | 14.72 |111.6501| 6.740% 18,935 | 5.83 | % |97.7845|O 21.64 $ 66,719 9.0110% 32,900 |10.13 0% | Accounts payable $42,798 19,364 $ 62,162 25,900 Notes payable 107.330896 Total 20.55 Long-term debt 127.0270 JARROW CORPORATION Common-base 2016 Common-size 2017 Common-size ear Assets Current assets $ 8,964 22,353 38,722 $ 70,039 $ 10,904 24,837 43,697 24.3% $ 79,438 121.6421 111.112 12.8480 113.419 as 7.6 13.46 24.4 Accounts receivable Inventory 13.48 Total Fixed assets Net plant and equipment 217,270 75.6 245,240 75.53 112.8734 Total assets $287,309 100 $ 324,678 13.006 Liabilities and Owners Equity Current liabilities $42,798 19,364 $ 62,162 25,900 111.6501 97.784 07330 27027 14.90 $47,784 18,935 $ 66,719 32,900 14.7 Accounts payable Notes payable 6.74 21 20.55 Total Long-term debt Owners' equity 13.8 55.4 69.35 12.6 56.6 69.3 03.007 115.4455 12112.9 13.0066 Common stock and paid-in surplus Accumulated retained earnings 39,900 159,347 $199,247 $287,309 41,100 183,959 $ 225,059 $324,678 Total Total liabilities and owners equity 100 100