he company's income statements for the Current Year and 1 Year Ago, follow

The company's income statements for the Current Year and 1 Year Ago, follow. At December 31 Assets Cash $ 38,400 Accounts receivable, net 67, goo 61,500 49,500 Merchandise inventory 111,500 82,200 52,500 Prepaid expenses 281,000 234,000 Plane assets, net 522,550 Total assets Liabilities and Equity Accounts payable 129,200 $ 51,000 Longterm notes payable gs,soo 81,400 Commun stock, $10 par value 160,000 160,000 137,gso 67,300 Retained earnings 522,550 Total liabilities and equity 4go,500 403,200 240,250 153,600 11, BOO 57B, 375 $ 61,625 $ 2.07 Current Year $ 31,200 10,950 Ago $ 35,750 g, 200 255,500 $ 444,150 $ 74,250 100,250 160,000 109,650 444,150 2 Years Ago 5,300 $ 379,700 $ 379,700 For Year Ended December 31 Sa Ies Cost OE goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 775,000 g, 300 741,gso $ 33,150 I Year Ago $ 640,000 12, goo g, 775 $ 3.g5