In addition to commonsize 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. Using the following financial statements, construct the common-size balance sheet and common-base year balance sheet for the company. Use 2014 as the base year.

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JARROW CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equ 2014 2015 2014 2015 Current assets Current liabilities Cash Accounts receivable 22,498 27,524 Notes payable Inventory $8,815 $11,945 Accounts payable44,987 $ 55,06 19.210 20,442 $ 64,197 $ 75,503 $ 26,500 37,000 40,504 50,156 Total Total s 71,817 $ 89,625 Long-term debt Owners equity Fixed assets Net plant and equipment $236.907 $292,008 Common stock and paid-in surplus Retained earnings 42,000 $ 43,500 176,027 225,630 $218,027 $269,130 Total Total liabilities and Total assets $308,724 $381633 owners' equity $308.724 $381,633