Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and owners Equity 2014 2015 2014 2015 Current assets Current liabilities Cash Accounts receivable Inventory $ 7,800 15,800 53,400 $ 12,250 31,000 64,250 $ 52,750 26,500 S 46,400 Accounts payable Notes payable 20,600 Total $67,000 S 46,000 50,000 $107,500 Total $ 79,250 S40,000 $ 50,000 $ 77,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings 237,000 $287,000 $400,000 330,750 $380,750 $500,000 Net plant and equipment $323,000 $392,500 Total Total assets $400,000 $500,000 Total liabilities and owners' equity