JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2018 2017 2018 Current assets Cash Current liabilities Accounts payable $ 48,720 4,000 39,040 11,280 Accounts Notes payable 12,960 17,280 14,880 20,400 receivable Inventory 61,920 90,480 Total 122,160 66,000 80,800 Total 52,000 36,000 $48,000 Long-term debt Owners' equity Common stock and paid-in $60.000 60,000 surplus Retained earnings 160,000 318,000 Net plant and equipment Total $239,200 357,840 $220,000 $378,000 Total liabilities and owners equity $320,000 $480,000 $320,000 $480,000 Total assets Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. (Do not round intermediate calculations. Enter your answers as a places, e.g., 32.16.) percent rounded to 2 decimal 2017 2018 Assets Current assets 4.000 Cash % 11.280 0% Accounts receivable 14,880 20,400 % Inventory 61,920 06 90,480 % Total 80,800 122,160 Fixed assets Net plant and equipment 239,200 % 357,840 320.000 480.000 Total assets 06 Liabilities and Owners' Equity Current liabilities Accounts payable 39,040 % 48.720 0% Notes payable 12,960 17,280 % 0% Total 52,000 66,000 Long-term debt 48,000 % 36,000 Owners' equity 60,000 Common stock and paid-in surplus 60,000 % 318,000 Accumulated retained earnings 160,000 % Total 220,000 378,000 %6 320,000 Total liabilities and owners' equity 480.000 % 06