Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets 2017 4,350 Current assets Cash Accounts receivable Inventory 11,550 58,350 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 2018 Current liabilities $ 9,800 Accounts payable $ 48,000 $ 49,800 14,200 Notes payable 10,350 18,600 75,800 $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in $ 45,000 $ 45,000 surplus Retained earnings 154,650 252,600 Total $ 74,250 Net plant and metp Save it 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., 3216.) 2017 % 2018 $ 96 % Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity 4,350 11,550 58,350 74.250 % % % % 9,800 14,200 75,800 99,800 $ %6 $ $ 225.750 300,000 % % 300,200 400,000 96 96 20 2018 % Assets Current assets Cash Accounts receivable Inventory Total $ % % 4,350 11,550 58,350 74,250 9,800 14,200 75,800 99,800 % % % $ % 96 R K $ 225,750 300,000 % 300,200 400,000 % % % $ 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 % % $ % $ % % ** 45,000 154.650 199,650 300,000 % % 45,000 252,600 297,600 400,000 solo % Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 2018 Current liabilities 9,800 Accounts payable $ 48,000 $ 49,800 14,200 Notes payable 10,350 18,600 75,800 $ $ 4,350 11,550 58,350 CE Total $ 74,250 $ 99,800 Total $ 58,350 $ 68.400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid in surplus Retained earnings $ 45,000 154,650 $ 45,000 252,600 Net plant and equipment $ 225,750 $300,200 Total $ 297,600 $ 199,650 11 Prepare the 2018 common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) 2017 2018 56 Ints $ 4,350 $ 11,550 58,350 74,250 $ 9,800 14,200 75,800 99,800 eBook S Print References Assets 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 225,750 $ 300,000 $ 300,200 400,000 $ S $ 48,000 $ 10,350 $ 58,350 $ 42,000 $ 49,800 18,600 68,400 34,000 $ S FANA SR EIIN... Saved 11,550 58,350 74,250 $ 14,200 75,800 99,800 $ $ $ 225,750 $ 300,000 $ 300,200 400,000 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 $ S $ $ $ 48,000 $ 10,350 $ 58,350 $ 42,000 $ 49,800 18,600 68,400 34,000 GA $ 45,000 $ 154,650 199,650 $ 300,000 $ 45,000 252,600 297,600 400,000 $ $
