JUST DEW IT CORPORATION . 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 39,040 48,720 17,280 $ 4,000 11.280 20,400 90,480 $80,800 122,160 Cash Accounts Accounts payable Notes payable 14,880 12,960 receivable Inventory 61,920 Total $52.000 66,000 $ 48,000 36,000 Total Long-term debt Owners' equity surplus Common stock and paid-in $60,000 60,000 160,000 318,000 $220,000 $378.000 Total liabilities and owners' $320,000 $480,000 Retained earnings Net plant and equipment $239,200 357,840 Total Total assets $320,000 $480,000 equity 2017 Sources/Uses 2018 Assets Current assets Cash Accounts receivable Inventory Total 4,000 14,880 61,920 S 80,800 S 11,280 20,400 90,480 $ 122,160 Fixed assets Net plant and equipment Total assets $ 239,200 S 320,000 S 357,840 S 480,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total s39,040 12,960 $52,000 $ 48,000 $ 48,720 17,280 S 66,000 S 36,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 60,000 160,000 $ 220,000 S 320,000 S60,000 318,000 S 378,000 480,000 Total liabilities and owners' equity