Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 31,700 $ 34,200 $ 36,600 88,700 63,400 57,100 22,811 83,700 51,100 10,157 10,287 3,966 386,632 293,413 201,234 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 $540,000 $485,000 $350,000 $138,494 $ 81,965 $ 47,586 101,520 111,550 77,350 162,500 162,500 162,500 137,486 128,985 62,564 $540,000 $485,000 $350,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Yr 1 Yr Ago $702,000 $375,148 $577,150 Cost of goods sold $428,220 Other operating expenses 217,620 Interest expense 11,934 Income tax expense 9,126 Total costs and expenses 666,900 Net income $ 35,100 146,019 13,274 8,657 543,098 $ 34,052 Earnings per share $ 2.16 $ 2.10 Additional information about the company follows.