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CG2011 Sarved Help Save & ER Check Required informanon The following information applies to the...

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Accounting

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CG2011 Sarved Help Save & ER Check Required informanon The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow Current 1 YARD Yes Ago $ 32,200 89.pe 112,880 10,750 WAT December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tere notes payable secured by mortgages on plant assets Canon stock, $10 par value Retained earnings Total liabilities and equity $ 35.000 37, 63, 50,000 82,20 9,250 4,400 255.000 251.000 $444,450 $375,900 5523,850 5128,300 $ 74,250 $ 50,600 97,500 161,5ee 135.0 $523,850 101,250 81,200 161,500 161,500 12.450 83.600 5404,450 $375,900 4 The company's income statements for the Current Year and 1 Year Ago follow For Year Ended December 31 Sbles Cost of goods sold Other operating expenses Interest expense Current Ye $235.000 5 425,300 227,850 12,388 YA $ 610.000 $390,000 152,500 12,700

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