JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable 2020 2021 $ 54,000 $63,750 14,800 20,500 Assets Current assets 2020 Cash $11,000 $ 14,250 Accounts receivable Inventory 27,000 75,000 36,750 96,250 Notes payable Total $113,000 $147,250 Total Long-term debt Owners' equity $ 68,800 $ 84,250 $50,000 $40,000 Common stock and paid-in surplus $ 55,000 $ 55,000 Retained earnings Net plant and equipment $ 287,000 $ 352,750 Total 226,200 320,750 $281,200 $ 375,750 $ Total assets Total liabilities and owners' equity 400,000 500,000 400,000 500,000 Based on the balance sheets given for Just Dew It: