Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 26,985 78,211 100, 283 8,604 238,764 $ 452, 847 30,918 $ 32,526 55,747 42,092 70,055 45,738 8,116 3,508 225,549 198,236 $ 390,385 $ 322,100 $ 112,759 $ 67,954 $ 43,793 83,433 163,500 93,155 $ 452,847 88,891 71,184 163,500 163,500 70,040 43,623 $ 390,385 $ 322,100 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below