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The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow....

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Accounting

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The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31, 800 35, 625 37,800 89, 500 62, 500 50,200 112, 500 82, 500 54, 000 10,700 9,375 5,000 278.590 255,009 130, 500 $523, 000 $445, 000 $377,500 Liabilities and Equity Accounts payable $129, 900 75,250 51,25 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,500 101,500 83,500 163, 500 163, 500 163, 500 131, 100 104,750 79,250 $523,000 $445, 000 $377,500

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