At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 31,600 $ 34,400 $ 38,000 88,500 62,300 53,500 23,066 82,400 55,300 11,144 9,574 4,111 420,690 281,326 219,089 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 $575,000 $470,000 $370,000 $146,039 $ 79,430 $ 50,305 110,262 111,343 80,952 162,500 162,500 162,500 76,243 156,199 116,727 $575,000 $470,000 $370,000 Sales The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 1 Yr Ago $559,300 Current Yr $747,500 Cost of goods sold $455,975 $363,545 Other operating expenses 231,725 Interest expense 12,708 Income tax expense 9,718 141,503 12,864 8,390 Total costs and expenses 710,126 Net income $ 37,374 526,302 $ 32,998 Earnings per share $ 2.30 $ 2.03