Required information The following information applies to the questions displayed below.J Simon Company's year-end balance sheets follow 2017 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 2016 2015 $ 31,393 $36,695 $ 38,224 89,100 62,700 51,100 113,000 82,500 55,000 29 09 82.00 9,632 10,109 4,247 293,849 271,793 241,429 $537,451 $463,320 $390,000 $132,487 $ 77,518 $ 50,965 secured by mortgages on plant assets 100,030 105,498 85,328 Common stock, $10 par value 162,500 162,500 162,500 142,434 117,804 91,207 Retained earnings Total liabilities and $537,451 $463,320 $390,000 equity The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit: For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 2017 2016 $698,686 $551,351 $426,198 216,593 11,878 9,083 $358,378 139,492 12,681 8.270 663,752 34,934 $2.15 518,821 32,530 $2.00 Earnings per share (1 Compute days' sales uncollected Days' Sales Uncollected Days' Sales Uncollected Days' Sales Uncollected 0 da 0 da Choose Numerator: I Choose Denominator: x Days 2017: 2016