Exercise 13-6 Common-size percents LO P2 Simon Company's year-end balance sheets follow. 2017 2016 2015 $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54.000 10, 700 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $377,500 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assetonet Total asseto 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 98,500 101,500 83,500 163,500 163,500 163,500 131, 100 104,750 79,250 $523,000 $445,000 $377,500 Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2015 % % SIMON COMPANY Common-Size Comparative Balance Sheets December 31, 2015-2017 2017 2016 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 Retained earnings Total liabilities and equity % % %