Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets 2020 2021 Current assets Cash $ 12,000 $ 17,775 Accounts receivable Inventory 12,750 50,250 16,425 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 $ 46,875 $55,575 19,125 24,750 56,925 Total $ 75,000 $91,125 Total Long-term debt $ 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 Net plant and equipment $ 300,000 $ 358,875 Total $ $ 279,000 342,675 $ $ Total assets $375,000 Total liabilities and owners' equity 450,000 375,000 450,000