Required information [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 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 Common stock, $10 par value Retained earnings Total liabilities and equity $ 33,645 93,650 118,961 10,513 307,831 $ 564,600 $ 38,549 $ 40,966 70, 186 52,458 90,944 59,923 10,323 4,462 276, 722 251,891 $ 486,724 $ 409,700 $ 137,774 102,960 162,500 161,366 $ 564,600 $ 82,256 $ 52,458 111,947 88, 733 163,500 163,500 129,021 105,009 $ 486,724 $ 409,700 press the balance sheets in common-size percents. ssuming annual sales have not changed in the last three years, is the change in accounts receiva ts favorable or unfavorable? ssuming annual sales have not changed in the last three years, is the change in merchandise inve ts favorable or unfavorable? omplete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 press the balance sheets in common-size percents. (Do not round intermediate calculations and round yo swers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago 3. Assuming annual sales have not changed in the last three years, is the change in merchar assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round intermediate calculations ar answers to 1 decimal place.) 2 Years Ago % SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago Assets Cash % % Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets % % Liabilities and Equity Accounts payable % % Long-term notes payable Common stock, $10 par Retained earnings Total liabilities and equity % % % %