! Required Information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable $ 34,142 102,014 125,698 11,448 323,269 $ 596,571 $ 40,731 71,280 97,997 10,584 293,693 $ 514,285 $ 86,914 119,468 162,500 145,403 Long-term notes payable Common stock, $10 par value Retained earnings $ 150,032 113,277 162,500 170,762 Total liabilities and equity $ 596,571 $ 514,285 $ 43,286 57,714 62,087 4,762 265,051 $ 432,900 $ 58,857 96,628 162,500 114,915 $ 432,900 The company's Income statements for the current year and one year ago, follow. For Year Ended December 31 Sales Current Year $ 775,542 $ 473,081 240,418 Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share 1 Year Ago $ 611,999 13,184 10,082 736,765 $ 38,777 $ 2.39 $ 397,799 154,836 14,076 9,180 575,891 $ 36,108 $ 2.22