Merchandise Inventory Prepaid expenses Plant assets, net 3 Part 1 of 4 14.28 points Slopped 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 Current Ye $31,366 5 36,664 $ 38,979 89,400 63,000 50,500 112,000: 84,000 57,000 10,101 3,624 4,331 305,196 279,160 255, Total assets $548,063 $472,468 $405,900 Liabilities and Equity eBook Accounts payable $132,374 $ 77,452 $51,971 Long-term notes payable secured by Hint mortgages on plant assets 99,945 105,408 87,013 Common stock, $10 par value 162,500 162,500 162,500 Print Retained earnings Total liabilities and equity 155,244 $548,063 127,188 104,416 $472,468 $ 405,900 References 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 Current Ye $712,482 xxe Ago $562,237