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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
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 2018 2017 Current liabilities $ 11,970 Accounts payable $ 43.750 26,670 Notes payable 24,325 51,450 $ 11,025 Current assets Cash Accounts receivable Inventory $ 47,250 22.225 24,780 44,625 Total $ 77,875 $ 90,090 Total $ 68,075 $ 72,030 Long-term debt $ 35,000 $ 21,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 42,000 $ 42.000 284,970 204,925 Net plant and equipment $ 272,125 $ 329,910 Total $246,925 $326,970 Total assets $350,000 $420,000 Total liabilities and owners' equity $350,000 $420,000 Prepare the 2018 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.) 2017 2018 $ 11,025 $ 22,225 44,625 77,875 $ 11,970 26,670 51,450 90,090 $ $ $ 272,125 $ 350,000 $ 329,910 420,000 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 Total Total liabilities and owners' equity $ 43,750 $ 24,325 47,250 24,780 72,030 21,000 $ 68,075 $ $ 35,000 $ $ 42,000 $ 42,000 $ 204,925 246,925 $ 350,000 $ 284,970 326,970 420,000 $
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