Required information [The following information applies to the questions displayed belowj 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 2017 89,200 114,500 11,679 356,976 $ 36,268 $ 42,394 43,286 62,700 84,500 11,128 323,953 59,700 55,000 4,810 270,104 432,900 $ 608,623 $ 524,675 Liabilities and Equity Accounts payable $ 153,063 $89,557$ 57,714 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 96,628 162,500 116,958 $. 608,623524,675 $. 432,900 115,565 162,500 177,495 121,882 162,500 150,736 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 $ 791,210 $ 624,363 $482,638 245,275 13,451 10,286 $ 405,836 157,964 14,360 9,365 751,650 $ 39,560 $2.43 587,525 $ 36,838 2.27 Earnings per share