17 Simon Company's year-end balance sheets follow. 1.18 points Skipped eBook @ Hint Print References At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 31,900 $ 34,900 $ 37,400 90,000 63,700 58,300 109,947 11,742 84,300 59,100 9,765 4,376 230,824 356,411 272,335 $600,000 $465,000 $390,000 $147,906 $ 77,799 $ 51,995 84,466 162,500 113,928 104,811 162,500 162,500 175,666 119,890 91,039 $600,000 $465,000 $390,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Yr $780,000 Cost of goods sold $475,800 Other operating expenses 241,800 Interest expense 13,260 Income tax expense 10,140 Total costs and expenses Net income 741,000 $ 39,000 Earnings per share. $ 2.40 1 Yr Ago $359,678 139,998 12,727 8,300 $553,350 520,703 $ 32,647 $ 2.01