Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 63,750 20,500 $ 11,000 27,000 75,000 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 14,250 Accounts payable $ 54,000 36.750 Notes payable 14,800 96,250 $ 147,250 Total $ 68,800 $ 84,250 Total $ 113,000 $ 50,000 $ 40,000 Long-term debt Owners' equity Common stock and paid-in $ 55,000 surplus Retained earnings 226,200 $ 55,000 320,750 $281.200 $ 375.750 Total Net plant and $287.000 $ 352.750 Cash Accounts receivable Inventory $ 11,000 27,000 75,000 $ 14,250 36,750 96,250 Accounts payable Notes payable $ 54,000 14,800 $ 63,750 20,500 Total $ 113,000 $ 147,250 Total $ 68,800 $ 84,250 Long-term debt $ 50,000 $ 40,000 Owners' equity Common stock and paid in surplus Retained earnings $ 55,000 $ 55,000 320,750 226,200 $ 287,000 $352,750 Total Net plant and equipment $281.200 $ 375,750 $400,000 $500,000 Total assets Total liabilities and owners' equity $400,000 $500,000 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 $ Assets Current assets Cash Accounts receivable Inventory Total 11,000 $ 27,000 75,000 113,000 $ 14,250 36,750 96,250 147,250 $ $ 287,000 $ 400,000 $ 352,750 500,000 $ $ 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 GA $ $ 54,000 $ 14,800 $ 68,800 $ 50,000 $ 63,750 20,500 84,250 40,000 GA $ $ $ 55,000 $ 226,200 55,000 320,750 2017 2018 $ 11,000 $ 27,000 75,000 113,000 $ 14,250 36,750 96,250 147.250 $ $ $ 287,000 $ 400,000 $ 352,750 500,000 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 Common stock and paid-in surplus Accumulated retained earnings $ $ $ $ 54,000 $ 14,800 $ 68,800 $ 50,000 $ 63,750 20,500 84,250 40,000 $ 55,000 $ 226,200 281,200 $ 55,000 320,750 375,750 $
