Simon Company's year-end balance sheets follow 2014 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 2015 2013 $ 31,400 35,750 $ 38,200 88,200 63,500 50,000 112,000 80,400 53,000 4,400 282,000 257000 230,000 10,650 9,500 Total assets $524,250 $ 446,150 $375,600 Liabilities and Equity Accounts payable Long-term notes payable secured by $130,000 $ 72,500 $ 51,200 mortgages on plant assets Common stock, $10 par value Retained earnings 95,500 101,500 83,600 163,500 63,500 63,500 135,250 108,650 77,300 Total liabilities and equity $524,250 $ 446,150 $375,600