Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 31,500 $ 34,500 $ 36,600 Accounts receivable, net 89,500 Merchandise inventory 58,570 Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 10,355 355,075 62,800 82,900 8,747 236,053 $ 425,000 $ 545,000 Long-term notes payable Common stock, $10 par value $ 135,705 101,435 162,500 $ 71,825 Retained earnings 145,360 Total liabilities and equity $ 545,000 98,728 162,500 91,947 $425,000 59,700 58,300 3,665 181,735 $ 340,000 $ 43,982 75,140 162,500 58,378 $ 340,000 The company's income statements for the Current Year and 1 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 $ 708,500 $ 432,185 219,635 12,045 9,211 673,076 $ 35,424 $ 2.18 1 Year Ago $ 505,750 $ 328,738. 127,955 11,632 7,586 475,911 $ 29,839 $ 1.84