Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 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 Current Yr 1 Yr Ago 2 Yrs Ago $ 27,907 32,620 32,980 89,700 62,700 50,800 111,000 85,000 57,000 8,987 8,563 3,664 226,125 $ 463,719 210,875 182,156 $ 399,758 $ 326,600 $ 117,775 $ 68,910 $ 43,973 88,923 93,783 73,622 162,500 162,500 162,500 94,521 74,565 46,505 $ 463,719 $ 399,758 $ 326,600 The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: Current Yr 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 1 Yr Ago $ 602,835 $ 475,712 $ 367,729 186,879 10,248 7,837 $ 309,213 120,355 10,941 7,136 572,693 $ 30,142 447,645 $ 28,067 $ 1.85 $ 1.73