https 2F%252Fm medication.com/.252Fgheid C Cheech 4 Sed Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 6,600 $12.750 Accounts payable Accounts receivable 12,200 14,250 Notes payable Inventory 78,200 95,250 7.14 points 2020 2021 $50,000 $68750 19.000 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 104,250 Long-term debt $ 48,000 $ 45,000 Owners' equity Common stock and paid-in surplus $50,000 $50,000 Retained earnings 233.000 300.750 $ $ $377750 Total 283,000 350750 Net plant and equipment 303,000 Total assets 400,000 500,000 Total liabilities and owners' equity $ 400.000 500.000 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.) 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 Accounts receivable Inventory Total $ %$ % 6,600 12,200 78,200 97,000 % % 12,750 14,250 95,250 122,250 $ % $ % Fixed assets % $ $ $ 303,000 400,000 377.750 500,000 % % % $ $ % $ 50,000 19,000 69,000 48,000 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 Retained earnings Total Total liabilities and owners' equity 68,750 35,500 104,250 45,000 % % % % % % $ $ $ $ % $ % $ 50,000 % % % 50,000 233,000 283,000 400,000 else $ % 300,750 350,750 500,000 $ % % $ % $ https 2F%252Fm medication.com/.252Fgheid C Cheech 4 Sed Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 6,600 $12.750 Accounts payable Accounts receivable 12,200 14,250 Notes payable Inventory 78,200 95,250 7.14 points 2020 2021 $50,000 $68750 19.000 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 104,250 Long-term debt $ 48,000 $ 45,000 Owners' equity Common stock and paid-in surplus $50,000 $50,000 Retained earnings 233.000 300.750 $ $ $377750 Total 283,000 350750 Net plant and equipment 303,000 Total assets 400,000 500,000 Total liabilities and owners' equity $ 400.000 500.000 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.) 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 Accounts receivable Inventory Total $ %$ % 6,600 12,200 78,200 97,000 % % 12,750 14,250 95,250 122,250 $ % $ % Fixed assets % $ $ $ 303,000 400,000 377.750 500,000 % % % $ $ % $ 50,000 19,000 69,000 48,000 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 Retained earnings Total Total liabilities and owners' equity 68,750 35,500 104,250 45,000 % % % % % % $ $ $ $ % $ % $ 50,000 % % % 50,000 233,000 283,000 400,000 else $ % 300,750 350,750 500,000 $ % % $ % $