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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

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.)

Answer is not complete.

2017

2018

Assets

Current assets

Cash

$7,050

$10,600

not attempted

Accounts receivable

25,050

28,800

not attempted

Inventory

55,650

72,200

not attempted

Total

$87,750

$111,600

not attempted

Fixed assets

Net plant and equipment

$212,250

$288,400

not attempted

Total assets

$300,000

$400,000

not attempted

Liabilities and Owners Equity

Current liabilities

Accounts payable

$34,500

$40,600

not attempted

Notes payable

21,150

21,800

not attempted

Total

$55,650

$62,400

not attempted

Long-term debt

$36,000

$33,000

not attempted

Owners' equity

Common stock and paid-in surplus

$48,000

$48,000

not attempted

Accumulated retained earnings

160,350

256,600

not attempted

Total

$208,350

$304,600

not attempted

Total liabilities and owners' equity

$300,000

$400,000

not attempted

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