Question: Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. (Do not round intermediate calculations, Enter your answers as a percent rounded to

Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. (Do not round intermediate calculations, Enter your answers as a percent rounded to 2 decimal places, e.g.. 32.16.) Just Dew It Corporation reports the following balance sheet information for 2017 nd 2018. 2017 2018 JUST DEW IT CoRPORATION 2017 and 2018 Balance Sheets Assets Curent sssets Assets Liabilities and Owners' Equity Cash 10,200 30 200 4.600 3 115,000 13,200 2018 2018 $ 46,000 62160 33,120 Accounts recelveble Current assets Current liabilities 10,200 13,200 38640 20 115,000 138,960 Accounts payable Notes payable 87,120 27,800 30,200 74,600 Tatal 138,980 recelvabe Inventory Fixed aeeete Net plant and equiment otal assats $ 285,000 $400.000 341,04 490,000 Total 73,800 95,280 $ 40,000 S 36,000 Common stock and paid-n s so,oo0 60,000 288,720 $286.200 348720 Total Long-term clebt Liabilities and Owners" Equity Current lablities Owners equity Accounts payable Notes peyable Tatal 3 46,000 27,800 73900 3 40,C00 2,180 $ 60,000 S surplus Retained earnings 226.200 5,200 Net plant and equipment Lang-term debt Owners' equity $285,000 341040Total Total liabilities and owriers Cammori stock ard paid in surplus Accumulated retained earninge Total 6D, 000 226 200 $ 286200 $400.000 0,000 288,720 348,720 490,000 $400,000 $480,000 equity Total assets $400.000 $480,000 Total Fabilities and awners' squity
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