Question

Prepare the 2018 combined common-size, 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.)

  

Answer is not complete.

	2017 2018 Assets Current assets Cash $7,050 $10,600 not attempted Accounts receivable 25,050 28,800 not attempted Inventory 55,650 72,200 not attempted Total $87,750 $111,600 not attempted Fixed assets Net plant and equipment $212,250 $288,400 not attempted Total assets $300,000 $400,000 not attempted Liabilities and Owners’ Equity Current liabilities Accounts payable $34,500 $40,600 not attempted Notes payable 21,150 21,800 not attempted Total $55,650 $62,400 not attempted Long-term debt $36,000 $33,000 not attempted Owners' equity Common stock and paid-in surplus $48,000 $48,000 not attempted Accumulated retained earnings 160,350 256,600 not attempted Total $208,350 $304,600 not attempted Total liabilities and owners' equity $300,000 $400,000 not attempted

Answer 1