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 $ 15,250 Accounts payable $ 62,400 29,750 Notes payable 26,400 92,250 Current assets Cash Accounts receivable Inventory $ 65,750 31,500 $ 6,600 26,600 75,800 Total $ 109,000 $ 137,250 Total $ 88,800 $ 97,250 Long-term debt $ 50,000 $ 40,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 52,000 209,200 $ 52,000 310,750 Net plant and equipment $ 291,000 $ 362,750 Total $ 261,200 $362.750 Total assets $400,000 $500,000 Total liabilities and owners equity $400,000 $500,000