I only need help with figuring out the common size comparative balance sheet

Exercise 13-6 Common-size percents LO P2Simon Company's year-end balance sheets follow.At December 31Current Yr 1 Yr Ago 2 Yrs AgoAssetsCash$ 31 , 672Accounts receivable, net35 , 555$ 36, 33288 , 15964, 78749 , 422Merchandise inventoryPrepaid expenses114, 27187, 30753 , 6929,9979, 8144, 118Plant assets, net287, 396260 , 722227, 136Total assets$ 531 , 495$ 458, 185$ 370 , 700Liabilities and EquityAccounts payable$ 131 , 019$ 76, 659 $ 49,911Long-term notes payable secured bymortgages on plant assets97 , 923104, 32981, 925Common stock, $10 par value163 , 500163, 500163, 500Retained earnings139 , 053113, 69775 , 364Total liabilities and equity$ 531, 495$ 458 , 185$ 370, 7001. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentageanswers to 1 decimal place.)2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of totalassets favorable or unfavorable?3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of totalassets favorable or unfavorable?Complete this question by entering your answers in the tabs below.