2 of 3 Book in int ences Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Current Yr 1 Yr Ago 2 Yrs Ago $ 31,800 $35,625 $ 37,800 62,500 50,200 89,500 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $377,500 Liabilities and Equity Accounts payable. Long-term notes payable secured. by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $129,900 $75,250 $ 51,250 98,500 163,500 101,500 83,500 163,500 163,500 131,100 104,750 79,250 $523,000 $445,000 $377,500