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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities
| Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. |
| JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets | ||||||||||||||||
| Assets | Liabilities and Owners Equity | |||||||||||||||
| 2017 | 2018 | 2017 | 2018 | |||||||||||||
| Current assets | Current liabilities | |||||||||||||||
| Cash | $ | 12,000 | $ | 17,775 | Accounts payable | $ | 46,875 | $ | 55,575 | |||||||
| Accounts receivable | 12,750 | 16,425 | Notes payable | 19,125 | 24,750 | |||||||||||
| Inventory | 50,250 | 56,925 | ||||||||||||||
| Total | $ | 75,000 | $ | 91,125 | Total | $ | 66,000 | $ | 80,325 | |||||||
| Long-term debt | $ | 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 | $ | 450,000 | Total liabilities and owners equity | $ | 375,000 | $ | 450,000 | |||||||
| 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.) |
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