JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities 7,800 $12,250 15,800 53,400 $ 46,400 $52,750 26,500 Cash Accounts Accounts payable Notes payable 31,000 64,250 $ 77,000 $107,500 20,600 receivable Inventory Total Total $ 67,000 $79,250 Long-term debt $ 46,000$40,000 Owners' equity Common stock and paid-in $50,000$50,000 surplus 237,000 330,750 287,000 $380,750 Total liabilities and owners' $400,0o0 $500,000 Retained earnings Net plant and equipment $323,000 $392,500 Total Total assets $400,000 $500,000 equity Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2017 2018 Assets Current assets Cash Acco Inventory Total 7,800 15,800 53,400 $77,000 12,250 31,000 64,250 107,500 unts receivable Fixed assets Net plant and equipment Total assets $323,000 $400,000 392,500 500,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $46,400 20,600 $67,000 46,000 52,750 26,500 79,250 40,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 50,000 237,000 $287,000 $ 400,000 50,000 330,750 380,750 500,000 Total liabilities and owners' equity