Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,700 $34,700 $ 36,100 89,800 38,878 9,979 349,643 64,300 84,700 59,100 57,000 9,364 3,960 261,936 203,840 $520,000 $455,000 $360,000 $126,890 $ 76,126 $ 46,570 98,738 104,650 80,356 162,500 162,500 131,872 111,724) 162,500 70,574 $520,000 $455,000 $360,000 The company's income statements for the Current Year and 1 Year Ago, follow. 1 Yr Ago For Year Ended December 31 Current Yr Sales $676,000 $541,450 Cost of goods sold $412,360 Other operating expenses 209,560 Interest expense, 11,492 Income tax expense 8,788 $351,943 136,987 12,453 8,122 Total costs and expenses Net income Earnings per share. 642,200 $ 33,800 $ 2.08 509,505 $ 31,945 $ 1.97