Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 2018 Current assets Cash Accounts $ 13,280 7,520 $ 14,600 Current liabilities Accounts payable 19,200 Notes payable $ 40,000 14,240 $ 41,800 21,600 receivable Inventory 42,400 51,000 Total $ 63,200 $ 84,800 Total $ 54,240 $ 63,400 Long-term debt $ 32,000 $ 24,000 Owners' equity Common stock and paid-in $ 40,000 surplus Retained earnings 193,760 $ 40,000 272,600 Net plant and equipment $256,800 $315,200 Total $233,760 $ 312,600 Total assets $320,000 $400,000 Total liabilities and owners" equity $320,000 $400,000