Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $ 8,250 12,240 40,560 86,160 $101,250 138,960 Accounts payable Notes payable $ 43,500 48,240 32,160 34,500 29,625 receivable 58.500 8 Inventory Total Total $ 73,125 80,400 Long-term debt $45,000 S36,000 Owners' equity Common stock and paid-in $ 60,000 S60,000 surplus 303,600 $256.875 $363,600 Total liabilities and owners $375,000 $480,000 Retained earnings 196.875 Net plant and equipment $273,750 341,040 Total Total assets $480,000 equity $375,000