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Sources/Use options: (Source, None, or Use) Just Dew it Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014

image text in transcribedSources/Use options: (Source, None, or Use)image text in transcribed

Just Dew it Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Liabilities and Owners' Equity Assets 2014 2014 2015 2015 Current assets Current liabilities 40,500 45,800 7,950 11,800 Cash Accounts payable 14,850 23,550 20,800 Accounts receivable 29,000 Notes payable 47,000 Inventory 36,750 55,350 66,600 68,250 87,800 Total Total 30,000 24,000 Long-term debt Owners' equity Common stock and paid-in surplus 42,000 42,000 172,650 Retained earnings 267,400 $214,650 Net plant and equipment $231,750 $312,200 $309,400 Total $300,000 $400,000 $300,000 $400,000 Total assets Total liabilities and owners' equity

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