Prepare the 2020 and 2021 common-size balance sheets for Just Dew It. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2020 % 2021 Assets Current assets Cash $ %$ del 11,000 27,000 75,000 113,000 14,250 36,750 96,250 Accounts receivable Inventory Total % % % % $ $ 147,250 $ $ % 287,000 400,000 % % 352,750 500,000 $ $ % $ 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 Retained earnings Total % % 54,000 14,800 68,800 50,000 63,750 20,500 84.250 40,000 $ % $ $ % $ % $ $ 55,000 226,200 281,200 % % 55.000 320.750 375,750 $ % $ % Prev 1 of 11 Next > Check my w Problem 3-13 Preparing Standardized Financial Statements (LO1] Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity Current liabilities $ 11,000 $14,250 Accounts payable 27,000 36,750 Notes payable 75,000 96,250 $ 54,000 $ 63,750 14,800 20,500 Total $ 113,000 $147,250 Total $ 68,800 $ 84,250 Long-term debt $ 50,000 $ 40,000 Owners' equity Common stock and paid-in surplus $ 55,000 $ 55,000 Retained earnings 226,200 320,750 Net plant and equipment $ 287,000 $352,750 Total $ 281,200 375,750 Total assets 400,000 500,000 Total liabilities and owners' equity 400.000 500.000 Prev 1 of 11 Next >