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Just Dew It Corporation reports the following balance sheet information for 2011 and 2012.    JUST...

Just Dew It Corporation reports the following balance sheet information for 2011 and 2012.

  

JUST DEW IT CORPORATION
2011 and 2012 Balance Sheets
Assets Liabilities and Owners’ Equity
2011 2012 2011 2012
  Current assets   Current liabilities
      Cash $ 13,280 $ 14,600       Accounts payable $ 40,000 $ 41,800
      Accounts receivable 7,520 19,200       Notes payable 14,240 21,600
      Inventory 42,400 51,000
        Total $ 63,200 $ 84,800         Total $ 54,240 $ 63,400
  Long-term debt $ 32,000 $ 24,000
  Owners’ equity
      Common stock and paid-in surplus $ 40,000 $ 40,000
      Retained earnings 193,760 272,600
  Net plant and equipment $ 256,800 $ 315,200   Total $ 233,760 $ 312,600
  Total assets $ 320,000 $ 400,000   Total liabilities and owners’ equity $ 320,000 $ 400,000

   

Prepare the 2012 common–base year balance sheet for Just Dew It. (Round your answers to 4 decimal places. (e.g., 32.1616))

  

2011 2012
Assets
  Current assets
      Cash $ 13,280 $ 14,600
      Accounts receivable 7,520 19,200
      Inventory 42,400 51,000
        Total $ 63,200 $ 84,800
  Fixed assets
      Net plant and equipment $ 256,800 $ 315,200
  Total assets $ 320,000 $ 400,000
Liabilities and Owners’ Equity
  Current liabilities
      Accounts payable $ 40,000 $ 41,800
      Notes payable 14,240 21,600
        Total $ 54,240 $ 63,400
  Long-term debt $ 32,000 $ 24,000
  Owners' equity
      Common stock and paid-in surplus $ 40,000 $ 40,000
      Accumulated retained earnings 193,760 272,600
        Total $ 233,760 $ 312,600
  Total liabilities and owners' equity $ 320,000 $ 400,000

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