6 Part 4 of 4 14.28 points Skipped eBook Hint Print References Required information [The following information applies to the questions displayed below] 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 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 $ 472,468 $ 405,900 Current Ye 1 Yr Ago 2 Yrs Ago $ 31,366 $ 89,400 112,000 10,101 36,664 5 18,979 63,000 50,500 54,000 57,000 9,624 4,331 305,196 279,180 255,090 $545,063 $132,374 $ 77,452 $ 51,971 99,945 105,408 87,013 162,500 162,500 162,500 153,244 127,108 104,416 $472,468 $ 405,900 $545,063 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit For Year Ended December 31 Sales Cost of goods sold Current Ye $ 712,482 1 Ye Ago $562,237 $434,614 $ 365,454 1% M Prev 9 of 7 Next