JITO Company year-enu udiance Site 10 UW. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 19,700 278,500 $523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9,375 5,000 255,000 239,500 $445,000 $377,500 $129,900 98,500 163,500 131, 100 $523,000 $ 75,250 $ 51,250 101,500 83,500 163,500 163,500 104,750 79, 250 $445,000 $377,500 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $673,500 $411, 225 209,550 12, 100 9,525 642,400 $ 31, 100 $ 1.90 1 Yr Ago $532,000 $345,500 134,989 13,300 8,845 502 625 $ 29, 375 1.80 JITO Company year-enu udiance Site 10 UW. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,800 89,500 112,500 19,700 278,500 $523,000 $ 35,625 $ 37,800 62,500 50,200 82,500 54,000 9,375 5,000 255,000 239,500 $445,000 $377,500 $129,900 98,500 163,500 131, 100 $523,000 $ 75,250 $ 51,250 101,500 83,500 163,500 163,500 104,750 79, 250 $445,000 $377,500 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $673,500 $411, 225 209,550 12, 100 9,525 642,400 $ 31, 100 $ 1.90 1 Yr Ago $532,000 $345,500 134,989 13,300 8,845 502 625 $ 29, 375 1.80