Simon Company's year-end balance sheets follow. 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 secured by 2017201 6 2015 $ 31,800 34,500 36,700 88,900 62,500 54,400 57,967 82,400 56,70e 10,650 9,135 4,305 365, 683 246,465 227,895 $555,000 $435,000 $380, e00 $138,195 73,515 $ 50,160 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 107,470 99,049 83,980 162 , 500 162 , 5ee 162, 5ee 146,835 99,936 83,360 $555,00e $435,000 $380,000