Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $ 29,341 $ 33,624 $ 35,383 Accounts receivable, net 85,872 58,254 47,177 Merchandise inventory 103,775 76,978 50,243 Prepaid expenses 9,171 9,003 3,892 Plant assets, net 259,391 242,443 220,705 Total assets $ 487,550 $ 420,302 $ 357,400 Liabilities and Equity Accounts payable $ 123,828 $ 71,741 $ 46,233 Long-term notes payable 90,743 97,636 78,196 Common stock, $10 par value 163,500 162,500 163,500 Retained earnings 109,479 88,425 69,471 Total liabilities and equity $ 487,550 $ 420,302 $ 3