Show transcribed image text IThe information applies to me guestionsdisplayed below) following Simon Company’s year-end balance sheetsfollow Labates and Equry Longterm payable secured by Common stock, sto par value Total liabines and equity income statements for years ended December3 2015 and 20M follow Assume that sales are on credit Cost of goods sold Other operating expenses Total costs and expenses Questons 5-8 (or17)