Please show me how you got your answers. I don't understand how to find the total liability or total equity.

! Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 2018 2017 2016 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 31,800 $ 35,625 $ 37,800 62,500 82,500 9,375 278,500 255,000 230,500 $523,000 $445 ,000 $377,500 89,500 112,500 10,700 50,200 54,000 5,000 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 $129,900 $ 75,250 $51,250 98,500 163,500 131,100 104,750 101,500 163,500 83,500 163,500 79,250 $523,000 $445,000 $377,500 The company's income statements for the years ended December 31, 2018 and 2017, follow. 2018 $673,500 2017 $ 532,000 For Year Ended December 31 Sales $411,225 209,550 12,100 9,525 Cost of goods sold Other operating expenses Interest expense Income taxes $345,500 134,980 13,300 8,845 Total costs and expenses 642,400 502,625 $ 31,100 $29,375 Net income 1.90 1.80 Earnings per share Calculate the company's long-term risk and capital structure positions at the end of 2018 and 2017 by computing the following ratios. (1) Debt and equity ratios. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Total assets Total liabilities / Debt ratio 2018: 523,000 $ 2017: / 445,000 Equity Ratio Choose Denominator: Equity Ratio Choose Numerator: = Total equity Total assets / Equity ratio 2018: 523,000 / $ 445,000 2017