Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. $ 40,085 50,400 At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 33,254 Accounts receivable, net $ 38,870 62,500 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity 89,300 111,500 10,709 318,858 83,500 10, 203 290,807 $ 485,880 $ 563,621 Accounts payable $ 140,342 Long-term notes payable $ 82,114 111,752 Common stock, $10 par value 162,500 Retained earnings 129,514 Total liabilities and equity $ 563,621 $ 485,880 105,961 162,500 154,818 51,000 4,454 258,961 $ 404,900 $ 53,447 89,483 162,500 99,470 $ 404,900 The company's income statements for the current year and one year ago follow. Assume that all sales 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 Year $ 732,707 $ 446,951 1 Year Ago $ 578,197 227,139 12,456 9,525 696,071 $ 36,636 $ 375,828 146,284 13,299 8,673 544,084 $ 34,113 $ 2.10 $2.25