At December 31 Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 $ 34,300 $ 37,900 89,000 63,500 56,100 66,916 83,400 55,400 10,044 9,979 4,070 347,240 288,821 216,530 $545,000 $480,000 $ 370,000 $131,634 $ 78,686 $ 48,840 99,386 113,712 83,405 162,500 162,500 162,500 151, 480 125,102 75,255 $ 545,000 $480,000 $ 370,000 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses $ 571,200 Current Yr $ 708,500 $432,185 219,635 12,045 9,211 673, 076 $ 371,280 144,514 13,138 8,568 537, 500 At December 31 Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 $ 34,300 $ 37,900 89,000 63,500 56,100 66,916 83,400 55,400 10,044 9,979 4,070 347,240 288,821 216,530 $545,000 $480,000 $ 370,000 $131,634 $ 78,686 $ 48,840 99,386 113,712 83,405 162,500 162,500 162,500 151, 480 125,102 75,255 $ 545,000 $480,000 $ 370,000 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses $ 571,200 Current Yr $ 708,500 $432,185 219,635 12,045 9,211 673, 076 $ 371,280 144,514 13,138 8,568 537, 500