Problem $3-13$ Preparing Standardized Financial Statements $[$LO$1]$

Just Dew It Corporation reports the following balance sheet information for $2020$ and $2021.$

$\backslash$table$[[\backslash$table$[[$JUST DEW IT CORPORATION$],[2020$ and $2021$ Balance Sheets$]]],[$Assets$,2020,2021,$Liabilities and Owners' Equity,$2020,2021],[$Current assets,,,Current liabilities,,$],[$Cash$,$$$12,000,$$$17,775,$Accounts payable,$$46,875,$$$55,575$