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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020

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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 14,588 $ 17,631 Accounts payable Accounts receivable 35,258 41,019 Notes payable Inventory 65,567 71,505 2020 2021 $ 55,653 $ 63,073 21,895 25,324 Total $ 115,413 $ 130,155 Total $ 77,548 $ 88,397 Long-term debt $ 58,000 $ 62,000 Owners' equity Common stock and paid-in surplus $ 60,000 $ 60,000 Retained earnings 397 278 418,179 Net plant and equipment $ 477,413 $ 498,421 Total $ 457,278 $ 478,179 Total assets $ $ 628,576 Total liabilities and owners' equity 592,826 592,826 628,576 Prepare the 2020 and 2021 common-size balance sheets for Just Dew It. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) 2020 96 2021 % Assets Current assets Cash Accounts receivable Inventory $ 14,588 % $ % 35,258 65,567 % % 17,631 41,019 71,505 9 % Prepare the 2020 and 2021 common-size balance sheets for Just Dew It. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2020 % 2021 % Assets Current assets $ % $ % % % 14,588 35,258 65,567 115,413 17,631 41,019 71,505 130,155 % % S % $ % S % S % 477,413 592,826 $ 498,421 628,576 % $ % 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 $ % $ $ % % % 55,653 21,895 77,548 58,000 $ 63,073 25,324 88,397 62,000 % $ % $ % $ % $ $ % 60,000 397 278 457 278 592,286 60,000 418,179 478,179 628,576 % $ % $ % % $ $ %

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