Simon Company's year-end balance sheets follow. 2015 2014 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 2013 $ 31,500 $ 34,100 $ 36,800 88,50063,700 53,200 56,42484,600 57,900 11,531 9,211 3,300 407,045238,389 148,800 Total assets $595,000 $430,000 $ 300,000 Liabilities and Equity Accounts payable Long-term notes payable secured by $146,673 $ 73,397 $ 39,996 66,300 162,500 162,500 162,500 175,08696,192 31,204 97,911 mortgages on plant assets Common stock, $10 par value Retained earnings 110,741 Total liabilities and equity $ 595,000 $430,000 $ 300,000