38 A XV fx D G 2 Simon Company's year-end balance sheets follow. 3 4 At December 31 Current Year 1 Year Ago 2 Years Ago 5 Assets 6 Cash $31,800 $35,625 $37,800 7 Accounts receivable, net 89,500 62,500 50,200 8 Merchandise inventory 112,500 82,500 54,000 9 Prepaid expenses 10,700 9,375 5,000 11 012 Plant assets, net 278,500 255,000 230,500 Total assets $523,000 $445,000 $377,500 Liabilities and Equity 13 Accounts payable $129,900 $75,250 $51,250 14 Long-term notes payable 98,500 1,01,500 83,500 15 Common stock, $10 par value 163,500 163,500 163,500 16 131,100 104,750 79,250 Retained earnings 17 Total liabilities and equity $523,000 $343,500 $377,500 BGraded Worksheet. + Calculation Mode: Automatic Workbook Statistics Give Feedback)