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prepare the 2017 and 2018 common size balance sheet for Just Dew It. Saved Help JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets

prepare the 2017 and 2018 common size balance sheet for Just Dew It. image text in transcribed
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Saved Help JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets 2017 2018 2018 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 46,000 Notes payable 27,800 Current assets Cash Accounts receivable Inventory $ 62,160 $ 10.200 30,200 $ 13,200 38,640 87,120 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 $ 60,000 surplus Retained earnings 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

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