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 Current Year 1 Year Ago 2 Years Ago $31,965 $ 34,656 56,504 73,920 $ 27,346 81,660 99,652 8,984 250,537 85,377 $ 468,179 Accounts payable $ 120,074 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 8,476 232,738 $ 403,603 $ 67,527 95,614 162,500 77,962 162,500 100,228 $ 468,179 $ 403,603 44,396 49,222 3,737 211,189 $ 343,200 $ 44,396 75,847 162,500 60,457 $ 343,200 The company's income statements for the current year and one 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 Year $ 608,633 $ 371,266 188,676 10,347 7,912 578,201 $ 30,432 $ 1.87 1 Year Agol $ 480,288 $ 312,187 121,513 11,047 7,204 451,951 $ 28,337 $ 1.74