Simon Company's year-end balance sheets follow Current Yr 1 Ye 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 secured by mortgages on plant assets Common stock, sie par value Retained earnings Total liabilities and equity $ 37,369 105,153 130,888 11,567 329,955 $ 614,932 $ 41,985 543,734 74,216 56,026 97,090 61,500 10,798 4,716 306,025 267,124 $530,114 5 433, 100 $ 151,587 $ 86,902 557,169 114,451 163,500 185,394 $ 614,932 118,268 95,715 163,500 163,500 161,444 116,216 $ 538, 114 5 433,100 1. Express the balance sheets in common-size percents (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Express the balance sheets in common size percents. (Do not round Intermediate calculations and round your final percentage answers to 1 decimal place.) SIMON COMPANY Common Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash % % Accounts receivable net Merchandise Inventory Prepaid expenses