Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable $ 30,144 89,700 114,500 9,707 261,799 $ 505,850 96,051 162,500 $ 127,216 Common stock, $10 par value Retained earnings Total liabilities and equity $ 35,235 62,900 83,500 9,249 245,194 $ 436,078 $ 74,434 101,301 162,500 97,843 120,083 $ 505,850 $ 436,078 $ 35,976 50,300 55,000 3,997 214,527 $ 359,800 $ 47,969 80,311 162,500 69,020 $ 359,800 The company's income statements for the current year and one year ago follow. Assume that all sales are on cred 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 $ 657,605 $ 401,139 203,858 1 Year Ago $ 518,933 11,179 8,549 624,725 $ 32,880 $ 2.02 $ 337,306 131,290 11,935 7,784 488,315 $ 30,618 $ 1.88