Simon Company s year-end palance sheets rollOW. Current Yr 1 Yr AO 2 Yrs Ago 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,200 88,100 112,000 10,850 281,000 $523,150 $ 35,250 $ 37,800 63,500 51,000 83,800 54,500 9,450 4,500 252,000 227,000 $444,000 $ 374,800 $129,600 $ 73,250 $ 51,200 96,500 162,000 135,050 $523,150 99,000 83,800 162,000 162,000 109,750 77,800 $444,000 $374,800 The company's income statements for the Current Year and 1 Year Ago, follow. 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 Yr $765,000 $ 466,650 237,150 11,800 9,500 725,100 $ 39,900 $ 2.46 1 Yr Ago $ 630,000 $396,900 144,900 12,700 8,875 563,375 $ 66,625 $ 4.11 Simon Company s year-end palance sheets rollOW. Current Yr 1 Yr AO 2 Yrs Ago 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 secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,200 88,100 112,000 10,850 281,000 $523,150 $ 35,250 $ 37,800 63,500 51,000 83,800 54,500 9,450 4,500 252,000 227,000 $444,000 $ 374,800 $129,600 $ 73,250 $ 51,200 96,500 162,000 135,050 $523,150 99,000 83,800 162,000 162,000 109,750 77,800 $444,000 $374,800 The company's income statements for the Current Year and 1 Year Ago, follow. 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 Yr $765,000 $ 466,650 237,150 11,800 9,500 725,100 $ 39,900 $ 2.46 1 Yr Ago $ 630,000 $396,900 144,900 12,700 8,875 563,375 $ 66,625 $ 4.11