(The following information applies to the questions displayed below. 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 2017 2016 2015 31,800 35, 625 89, 500 62,500 112, 500 82,500 10, 700 9,375 278, 500 255, 000 $445, 000 37, 800 50, 200 54, 000 5, 000 230, 500 $377, 500 $523, 000 Liabilities and Equity Accounts payable Long-term notes payable secured by $129, 900 $ 75, 250 51,250 mortgages on plant assets Common stock, $1o par value Retained earnings 98,500 101, 500 83,500 163, 500 163, 500 163, 500 131,100 104, 750 79, 250 $523, 000 $445, 000 $377,500 Total liabilities and equity