Simon Company's year-end balance sheets follow. 31 2017 2016 Cash $ 37,361 $ 43,672 $ 43,725 89,700 63,000 59,300 112,000 84,500 59,000 4,858 363,704 327,361261,917 net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 12,032 11,464 614,797 529,997 $ 428, 800 s157,677 $ 92,257 s 58,300 119,049 125,556 97,608 162, 500 162,500 162,500 175,571 149,684 110.392 614,797 $529,997 $ 428, 800 Common stock, $10 par value Total liabilities and equity The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit 2016 2017 630,696 $ 799,236 $409,952 159,566 14,506 9,460 487,534 247,763 13,587 10,390 Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income 759,274 39,962 $2.46 $ 37,212 $ 2.29 Earnings per share Next >