For each account on this company’s balance sheet, show the change in the account during 2018 and note whether this change was a source or use of cash. Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets Liabilities and Owners’ Equity
2017 2018 2017 2018
Current assets Current liabilities
Cash $ 12,157 $ 14,105 Accounts payable $ 46,382 $ 49,276
Accounts receivable 29,382 32,815 Notes payable 18,246 19,784
Inventory 54,632 57,204
Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060
Long-term debt $ 49,000 $ 45,000
Owners’ equity
Common stock and paid-in surplus $ 50,000 $ 50,000
Retained earnings 299,784 315,894
Net plant and equipment $ 367,241 $ 375,830 Total $ 349,784 $ 365,894
Total assets $ 463,412 $ 479,954 Total liabilities and owners’ equity $ 463,412 $ 479,954
Prepare the 2017 and 2018 common-size balance sheets for Just Dew It. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)