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 $ 13,200 Accounts payable $ 46,000 38,640 Notes payable 27,800 87,120 Current assets Cash Accounts receivable Inventory $ 10,200 30,200 $ 62,160 33,120 74,600 Total $ 115,000 $ 138,960 Total $ 73,800 $ 95,280 Long-term debt $ 40,000 $ 36,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 60,000 226,200 $ 60,000 288,720 Net plant and equipment $285,000 $ 341,040 Total $286,200 $ 348,720 Total assets $400,000 $480,000 Total liabilities and owners equity $400,000 $480,000 Prepare the 2017 and 2018 common-size balance sheets for Just Dew it. (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal Prepare the 2017 and 2018 common-size balance sheets for Just Dew it. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2017 % 2018 % $ 10,200 30,200 74,600 115,000 2.55% 7.55% 18.65% 28.75% 13,200 38,640 87,120 138,960 2.75% 8.05% 18.15% 28.95% $ $ $ 285,000 400,000 71.25 % 100.00% 341,040 480,000 71.05% 100.00% 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 eamings Total Total liabilities and owners' equity 46,000 27,800 73,800 40.000 % % % % % 62,160 33,120 95,280 36,000 $ % % $ % $ % % % 60,000 226,200 286,200 400.000 60,000 288,720 348,720 480,000 $ % % $ % %