JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 11,000 $14,250 36,750 96,250 $ 113,000 147,250 Cash Accounts Accounts payable Notes payable $ 54,000 63,750 20,500 27,000 14,800 receivable Inventory 75,000 Total Total $ 68,800 84,250 Long-term debt $ 50,000 $40,000 Owners' equity Common stock and paid-in $ 55,000 55,0oo 320,750 $281,200 375,750 Total liabilities and owners' $400,000 $500,000 surplus Retained earnings 226,200 Net plant and equipment $287,000 352,750 Total Total assets $400,000 $500,000 equity