Chapter 3 Assignment 2018 Assets 2017 $ 53,000 147 points $ Current assets Cash Accounts receivable Inventory 6,560 16,160 61,280 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 I Current liabilities $ 8,600 Accounts payable $ 51,840 22,600 Notes payable 21,600 74,600 $105,800 Total $ 73,440 Long-term debt $ 32,000 eBook Total $ 84,000 $ 76,600 $30,000 References Owners' equity Common stock and paid-in $ 40,000 surplus Retained earnings 174,560 $ 40,000 253,400 $236,000 $294,200 Total Net plant and equipment $293,400 $ 214,560 Total liabilities and owners' equity $400,000 $320,000 Total assets $320,000 $400,000 Prepare the 2018 common-base year balance sheet for Just Dew it. (Do not round Intermediate calculations and round your answers to 4 decimal places, e... 321616.) Prepare the 2018 common-base year balance sheet for Just Dew it. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) 2017 2018 / / $ S 6,560 16,160 61,280 84.000 8,600 2 2,600 74,600 105,800 $ $ 236,000 320,000 $ $ 294,200 400,000 1 $ Assets Current assets Cash Accounts receivable Inventory Total 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 Accumulated retained earings Total 51,840 21,600 73,440 32,000 $ $ $ $ 53,000 23,600 76,600 30,000 140.000 S 40,000 174,560 253,400 SAL 214,560 293,400 SA 320.000 NS400,000 Total liabilities and owners' equity