Problem 3-15 Preparing Standardized Financial Statements [Lo1] Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2014 2015 2015 Current assets Current liabilities Cash Accounts receivable Inventory $ 7,800 15,800 53.400 12,250 31,000 64,250 Accounts payable Notes payable S 46,400 20,600 $ 52,750 26,500 77,000 S 107,500 Total S 67,000 46,000 Common stock and paid-in surplus 50,000 $ 79,250 $ 40,000 $ 50,000 Long-term debt Owners' equity Retained earnings Total Total liabilities and owners' equity 237,000 S 287,000 400,000 330,750 $380,750 $500,000 Net plant and equipment $323,000 S392,500 Total assets $400,000 500,00 Prepare the 2015 combined common-size, common-base year balance sheet for Just Dew It. (Do not round intermediate calculations. Round your answers to 4 decimal places, e.g., 32.1616.) 2014 Assets Current assets Cash Accounts receivable Inventory $ 7,800 12,250 31,000 64,250 15,800 53,400 Total $ 77,000 $107,500 Fixed assets Net plant and equipment $323,000 $392,500 Total assets $400,000 $500,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable S 46,400 52,750 20,600 26,500 Total Long-term debt Owners' equity $ 67,000 79,250 S 46,000 40,000 Common stock and paid-in surplus Accumulated retained earnings $ 50,000 50,000 330,750 $287,000 $380,750 $400,000 $500,000 237,000 Total Total liabilities and owners' equity 100.00