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 Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 32,664 89,200 110,500 $38,182 $39,772 62,600 52,000 83,000 57,000 10,519 10,023 316,341 288,285 $559,224 $ 482,090 $137,854 104,083 162,500 154,787 $ 559,224 $ 80,658 109,772 162,500 129,160 $ 482,090 4,419 252,609 $ 405,800 $ 53,030 88,785 162,500 101,485 $ 405,800 The company's income statements for the current year and one year ago follow. Assume that all sales are For Year Ended December 31 Sales Cost of goods sold Current Year $ 726,991 465 1 Year Ago 268 CZY S $573,687