Problem 3-18 Common-Size and Common-Base Year Financial Statements In addition to common-size financial statements, common-base year financial statements are often used. Common-base year financial statements are constructed by dividing the current year account value by the base year account value. Thus, the result shows the growth rate in the account. Construct the common-size balance sheet and common-base year balance sheet for the company. Use 2018 as the base year. (Do not round Intermediate calculations. Enter your common-size answers as a percent and your common bose year answers as a times. Round your common size answers to 2 decimal places, e... 32.16 and common-base year answers to 4 decimal places, e.g., 32.1616.) JARROW CORPORATION 2018 Common-size 2019 Common-size Common-base year 8,164 20,753 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Ilabilities and Owners' Faulty 10,104 23,237 42,097 75,438 37,122 66,039 215,670 243,640 319,078 281,709 JARROW CORPORATION 2018 Common-size 2019 Common-size Common-base year 8,164 20,753 37,122 66,039 10,104 23,237 42,097 75,438 $ $ $ 215,670 281,709 $ $ % 243,640 319,078 Assets Current assets Cash Accounts receivable Inventory Total R 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 Total liabilities and owners' equity $ 41,198 17,764 58,962| 24,300 $ $ 46,184 17,335 63,519 31,300 $ $ $ 38,300 160,147 198.447 281,709 39,500 184,759 224,259 319,078