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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 2020 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $ 9,800 Accounts payable 14,200 Notes payable 75,800 $ 4,350 11,550 58,350 $ 48,000 $ 49,800 10,350 18,600 Total $ 74,250 $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in surplus $ 45,000 $ 45,000 Retained earnings 154,650 252,600 Net plant and equipment $ 225,750 $ 300,200 Total $ 199,650 $ 297,600 Total assets $ $ 300,000 400,000 Total liabilities and owners' equity $ $ 300,000 400,000 Prepare the 2021 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.) Prepare the 2021 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.) 2020 2021 Assets Current assets Cash $ $ 9,800 0.2450 Accounts receivable 4,350 11,550 58,350 74,250 14,200 75,800 Inventory Total $ $ 99,800 Fixed assets $ $ 300,200 225,750 300,000 $ $ 400,000 $ $ 49,800 18,600 $ $ 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 48,000 10,350 58,350 42,000 $ $ 68,400 34,000 $ $ $ $ 45,000 154,650 199,650 300,000 45,000 252,600 297,600 400,000 $ $ $ $

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