Problem 3-13 Preparing Standardized Financial Statements [LO1] Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets. Current assets Cash Accounts receivable Inventory Total JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Total assets 2020 $9,000 $11,250 17,000 24,750 77,000 93,750 $103,000 $129,750 Net plant and equipment $297,000 $ 370,250 400,000 500,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Total Total liabilities and owners' equity. 2020 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.) 2021 $70,000 $73,250 3,800 31,000 $ 93,800 Long-term debt Owners' equity Common stock and paid-in surplus $50,000 $50,000 Retained earnings 214,200 305,750 104,250 $ 42,000 $40,000 $ 264,200 355,750 400,000 500,000 es 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.) Current assets Cash Accounts receivable Inventory Total Fixed assets 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 Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 2020 9,000 17,000 77,000 103,000 297,000 400,000 70,000 23,800 93,800 42,000 50,000 214,200 264,200 400,000 de % % $ % % % $ % $ ** % $ % $ jejejeje % % $ % $ % $ **** % % $ % $ 2021 11,250 24,750 93,750 129,750 370,250 500,000 73,250 31,000 104,250 40,000 50,000 305,750 355,750 500,000 se se se se % % % de dese % % % % % % % % % % %