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Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid

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Simon Company's year-end balance sheets follow. Current Yr 1 Yr 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, $10 par value Retained earnings Total liabilities and equity $ 28,163 89,600 114,000 9,069 227,147 $ 467,979 $ 32,920 $ 33,283 62,400 50,900 83,580 59,000 8,641 3,698 215,969 182,719 $ 403,438 $ 329,600 $ 118,857 $ 69,543 $ 44,377 89,740 162,500 96,882 $ 467,979 94,645 74,298 162,500 162,500 76,742 48,425 $ 403,438 $329,600 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all sales are on credit: Simon Company's year-end balance sheets follow. Current Yr 1 Yr 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, $10 par value Retained earnings Total liabilities and equity $ 28,163 89,600 114,000 9,069 227,147 $ 467,979 $ 32,920 $ 33,283 62,400 50,900 83,580 59,000 8,641 3,698 215,969 182,719 $ 403,438 $ 329,600 $ 118,857 $ 69,543 $ 44,377 89,740 162,500 96,882 $ 467,979 94,645 74,298 162,500 162,500 76,742 48,425 $ 403,438 $329,600 The company's income statements for the Current Year and 1 Year Ago follow. Assume that all sales are on credit

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