Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expense:s Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 2017 2016 $ 33,944 $ 40,067 $ 41,331 54,568 56,958 4,592 251,851 $564,048 $486,248 $ 409,300 67,394 91,755 10,415 304,197276,617 96,452 118,845 10,610 $143,257 $ 81,354 $ 55,648 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 102,860 114,074 90,455 162,500 162,500 162,50e 190,697 $564,048 $486,248 $ 409,300 155,431 128, 320