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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets 2017 2018 2018 4,000 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 39,040 Notes payable 12.960 Current assets Cash Accounts receivable Inventory 11,280 14,880 61,920 20,400 90,480 $ 48,720 17,280 Total $ 80,800 $ 122,160 Total $ 52,000 $ 66,000 $ 48,000 $ 36,000 Long-term debt Owners' equity Common stock and paid in surplus Retained earnings $ 60,000 160,000 $ 60,000 318,000 Net plant and equipment $239,200 $ 357,840 Total $220,000 $378,000 Total assets $320,000 $480,000 Total liabilities and owners equity $320,000 $ 480,000 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.) 2017 % 2018 % Assets $ % % % 4,000 14,880 61.920 80,800 % 11,280 20,400 90,480 122,160 % % S % % $ % 239,200 320,000 % $ 357,840 480,000 % % 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 Total liabilities and owners' equity S % % 39,040 12,960 52,000 48,000 % % $ 48,720 17,280 66,000 36,000 % % S % % $ % % 60.000 160,000 220,000 320,000 % % % S 60,000 318,000 378,000 480,000 $ % % %

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