$ 26,676 79,681 99,192 9,029 246, 781 $ 461,359 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,181 $ 33, 482 54,568 45,089 73,579 48,505 8,185 3,683 230, 210 207, 441 $ 397,723 $ 338,200 $ 113,730 85,001 163,500 99,128 $ 461,359 $ 65,871 $ 45,089 94,221 73,247 162,500 162,500 75,131 57,364 $ 397,723 $ 33B, 200 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receiv. assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise in assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Express the balance sheets in common-size percents. (Do not round Intermediate calculations and round percentage answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago % % % Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets % % % 2