can you please explain step by step

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity Current liabilities $ 14,588 $ 17,631 Accounts payable 35,258 41,019 Notes payable 65,567 71,505 $ 55,653 $ 63,073 21,895 25,324 Total $ 115,413 $ 130,155 Total $ 77,548 $ 88,397 Long-term debt $ 58,000 $ 62,000 Owners' equity Common stock and paid-in surplus $ 60,000 $ 60,000 Retained earnings 397,278 418,179 $ 457,278 $ 478,179 Net plant and equipment $ 477,413 $ 498,421 Total $ $ 592,826 628,576 $ 628,576 Total liabilities and owners' equity 592,826 Total assets Prepare the 2020 and 2021 common-size balance sheets for Just Dew It. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2020 % 2021 % Assets Current assets Cash $ 14,588 % $ 17,631 % 35,258 Accounts receivable % 41,019 % 65,567 % 71,505 Inventory % $ 115,413 % $ Total 130,155 % Fixed assets $ 477,413 Net plant and equipment % $ 498,421 % $ $ 592,826 % $ Total assets 628,576 % Liabilities and Owners' Equity Current liabilities $ Accounts payable 55,653 % $ 63973 % 21,895 Notes payable % 25.324 % Total $ 77,548 % $ 88,397 % $ 58,000 % Long-term debt $ 62,000 % Owners' equity Common stock and paid-in surplus $ $ 60,000 % $ 60,000 % Accumulated retained earnings 397 278 % 418,179 % Total $ 457,278 % $ 478,179 % Total liabilities and owners' equity $ 592,286 % $ 628,576 %