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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets 2020 2021 Current assets Cash Accounts receivable Inventory $12,000
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets 2020 2021 Current assets Cash Accounts receivable Inventory $12,000 12,750 50,250 56,925 $17,775 16,425 Notes payable JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Current liabilities Accounts payable 2020 2021 $ 46,875 $55,575 19,125 24,750 Total $75,000 $91,125 Total $66,000 $ 80,325 Long-term debt $30,000 $27,000 Owners' equity Common stock and paid-in surplus $ 45,000 $ 45,000 Retained earnings 234,000 297,675 $ Net plant and equipment $ 358,875 Total $279,000 300,000 342,675 $ Total assets $375,000 Total liabilities and owners' equity $375,000 450,000 450,000 Prepare the 2021 combined common-size, 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.) Assets Current assets Cash Accounts receivable Inventory Total Fixed assets 2020 2021 $ 12,000 $ 17,775 12,750 16,425 50,250 56,925 $ 75,000 $ 91,125 Prepare the 2021 combined common-size, 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.) Assets Current assets Cash ces 2020 2021 $ 12,000 $ 17,775 Accounts receivable 12,750 16,425 Inventory Total Fixed assets 50,250 56,925 $ 75,000 $ 91,125 Net plant and equipment $ 300,000 $ 358,875 Total assets $ 375,000 $ 450,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable. Total Long-term debt $ 46,875 $ 55,575 19,125 24,750 $ 66,000 $ 80,325 $ 30,000 $ 27,000 Owners' equity Common stock and paid-in surplus $ 45,000 $ 45,000 Retained earnings 234,000 297,675 Total $ 279,000 $ 342,675 Total liabilities and owners' equity $ 375,000 $ 450,000
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