ezto.mhedus Simon Company's year-end balance sheets follow. At December 31 2015 2014 Assets 33,893 39,618 41689 Accounts receivable, net 89.100 62,200 53,500 Merchandise inventory 113,000 84,500 57000 Prepaid expenses 10,915 10,400 4,632 Plant assets, net 339,271 308,609 272,879 Total assets $586.179 $505,327 $429,700 Liabilities and Equity Accounts payable $143.039 83,692 55,586 Long-term notes payable secured by mortgages on plant assets 107998 113,901 93.064 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 172,642 145,234 118,550 Total liabilities and equity $586,179 $505,327 $429,700 The company's income statements for the years ended December 31, 2015 and 2014, follow. Assume that all sales are on credit For Year Ended December 31 2015 $762.033 601,339 $464.840 Cost of goods sold $390,870 other operating expenses 236,230 152,139 Interest expense 12,955 13,831 Income taxes 9,906 9.020 Total costs and expenses 723.931 565,860 Net income 38,102 35,479 Earnings per share 2.34 218