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 Current Year 1 Year Ago 2 Years Ago $ 43,418 $ 43,019 $ 37,144 108,731 135,355 11,842 336,486 $ 629,558 73,702 102,412 11,739 311,451 $ 542,722 Long-term notes payable $ 156,760 120,724 $ 93,554 126,074 Common stock, $10 par value 162,500 Retained earnings Total liabilities and equity 189,574 $629,558 162,500 160,594 $ 542,722 56,773 64,222 4,731 274,655 $ 443,400 $ 60,285 99,951 162,500 120,664 $ 443,400 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 $ 818,425 $ 499,239 253,712 13,913 10,640 1 Year Ago $ 645,839 777,504 $ 40,921 $ 419,795 163,397 14,854 9,688 607,734 $ 38,105 $ 2.52 $ 2.34