JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets 2017 2018 2018 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 48,000 Notes payable 10,350 $ Current assets Cash Accounts receivable Inventory $ 4,350 11,550 58,350 9,800 14,200 75,800 $ 49,800 18,600 Total $ 74,250 $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in $ 45,000 surplus Retained earnings 154,650 $ 45,000 252,600 Net plant and equipment $225,750 $300,200 Total $ 199,650 $ 297,600 Total assets $300,000 $400,000 Total liabilities and owners' equity $300,000 $400,000 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.) intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2017 % 2018 Assets $ 4,350 11,550 58,350 74,250 9,800 14,200 75,800 99,800 $ % $ $ 225,750 300,000 300,200 400,000 Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ % % 48,000 10,350 58,350 42,000 49,800 18,600 68,400 34,000 % $ $ $ 45,000 45,000 252,600 297,600 400,000 154,650 199,650 300,000 $ $