JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 39,040 Notes payable 12,960 $ 4,000 14,880 61,920 $ 11,280 20,400 90,480 $ 48,720 17,280 Total $ 80,800 $ 122,160 Total $ 52,000 $ 66,000 Long-term debt $ 48,000 $ 36,000 Owners' equity Common stock and paid in surplus Retained earnings $ 60,000 160,000 $ 60,000 318,000 Net plant and equipment $239,200 $ 357,840 Total $220,000 $378,000 Total assets $320,000 $480,000 Total liabilities and owners' equity $320,000 $480,000 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.) 2017 % 2018 Assets Current assets $ % Cash Accounts receivable % 4,000 14,880 61,920 80,800 11,280 20,400 90,480 122,160 % Ride $ % % % $ $ 239,200 320,000 357,840 480,000 % % 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 $ % % % 39,040 12,960 52,000 48,000 % % 48,720 17.280 66,000 36,000 lon % % $ % $ 60,000 % 60,000 % 160.000 % Accumulated retained earnings Total Total liabilities and owners' equity % % $ $ 318,000 378,000 480,000 220,000 320,000 % %