2017 2016 2015 At December 31 AssetS Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,500 34,300 $ 37,300 59,600 54,700 3,811 349,046303,405 194,589 $590,000 $495,000 $ 350,000 89,300 109,280 10,874 64,500 82,400 10,395 Liabilities and Equity Accounts payable Long-term notes payable secured by $143,972 86,165 $ 47,124 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 109,811 117,266 77,350 162,500 162,500 162,500 63,026 $590,000 $495,000 $350,000 173, 717129,069 The company's income statements for the years ended December 31, 2017 and 2016, follow 2017 2016 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income $767,000 $ 589,050 $467,870 237,770 13,039 9,971 $382,883 149,030 13,548 8,836 728,650 $38,350 $ 2.36 554,297 $ 34,753 $2.14 Earnings per share