Chapter 3 Assignment i 2 Just Dew It Corporation reports the following balance sheet Information for 2017 and 2018. 1.47 points Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 11,250 Accounts payable $ 70,000 24.750 Notes payable 23,800 93.750 Current assets Cash Accounts receivable Inventory $ $ 9,000 17.000 77,000 $ 73,250 31,000 eBook Print Total $ 103,000 $ 129,750 Total $ 93,800 $ 104,250 Long-term debt $ 42,000 $ 40.000 G References Owners' equity Common stock and pald-in surplus Retained earnings $ 50.000 $ 50,000 214,200 305,750 Net plant and equipment $ 297.000 $ 370,250 Total $264,200 $ 355,750 Total assets $400,000 $500,000 Total liabilities and owners equity $400,000 $500,000 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.g., 32.1616.) 2017 2018 Assets $ 9,000 $ 17,000 77,000 103,000 $ 11,250 24,750 93,750 129,750 $ $ S 297,000 $ 400,000 $ 370,250 500,000 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 earnings Total $ $ 70,000 $ 23,800 $ 93,800 $ 42,000 $ 73,250 31,000 104,250 $ $ 40,000 $ 50,000 $ 214,200 264,200 $ 400,000 $ 50,000 305,750 355.750 $ Total liabilities and owners' equity $ 500,000