Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 Assets Current assets Cash Accounts receivable Inventory Total JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current liabilities $ 4,350 $9,800 Accounts payable $ 48,000 $ 49,800 11,550 14,200 Notes payable 10,350 18,600 58,350 75,800 $ 74,250 $ 99,800 Total $ 58,350 $68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and pald-in surplus $ 45,000 $ 45,000 Retained earnings 154,650 252,600 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 2020 2021 Assets Current assets $ 4,350 $ 11,550 58,350 74,250 $ 9,800 14,200 75,800 99,800 $ $ $ 225,750 $ 300,000 $ 300,200 400,000 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 Common stock and paid-in surplus 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 $ $ Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 Assets Current assets Cash Accounts receivable Inventory Total JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current liabilities $ 4,350 $9,800 Accounts payable $ 48,000 $ 49,800 11,550 14,200 Notes payable 10,350 18,600 58,350 75,800 $ 74,250 $ 99,800 Total $ 58,350 $68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and pald-in surplus $ 45,000 $ 45,000 Retained earnings 154,650 252,600 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 2020 2021 Assets Current assets $ 4,350 $ 11,550 58,350 74,250 $ 9,800 14,200 75,800 99,800 $ $ $ 225,750 $ 300,000 $ 300,200 400,000 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 Common stock and paid-in surplus 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 $ $
