(Mixon Company's year-end balance sheets show the following: 2018 2017 2016 Cash $30,800 $35,625 $36,800 Accounts receivable, net 88,500 62,500 49,200 Merchandise inventory 111,500 82,500 53,000 Prepaid expenses 9,700 9,375 4,000 Plant assets, net 277,500 255,000 229,500 Total assets $518,000 $445,000 $372,500 Accounts payable $128,900 $ 75,250 $49,250 Long-term notes payable secured by mortgages on plant assets 97,500 102,500 82,500 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 129,100 104,750 78,250 Total liabilities and equity $518,000 $445,000 $372,500 Required: a. Express the balance sheets in common-size percents (vertical analysis). Round to the nearest one-tenth of a percent