Prepare the 2014 and 2015 common-size balance sheets for Just Dew It.

Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Use this information to work Problems 13 through 17.

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JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Accounts receivable Inventory $11,13513,407 Accounts payable 45,166 48,185 17,773 18,257 62,939 $66,442 28,419 30,915 51,163 56,295 $ 90,717 $100,617 Notes payable Total Total 44,000 39,000 Long-term debt Owners' equity Common stock and paid-in surplus 50,000 50,000 Retained earnings 260,234 302,735 $310,234 $352,735 Net plant and equipment $326,456 $357 560 Total Total liabilities and Total assets $417,173 $458,177owners' equity $417,173 $458,177