Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Yr 1 Yr Ago 2 Yrs Ago $ 35,840 $ 44,031 $ 43,640 105,996 135,935 Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 72,566 58,186 96,880 62,594 11,424 11,109 4,898 330,665 309,776 280,482 $619,860 $ 534,362 $ 449,800 $154,345 $ 91,210 $ 58,780 116,534 121,674 99,406 162,500 162,500 162,500 186,481 158,978 129,114 $619,860 $ 534,362 $449,800 For Year Ended December 31 The company's income statements for the Current Year and 1 Year Ago, follow. Sales Current Yr 1 Yr Ago $635,891 $805,818 Cost of goods sold $491,549 $413,329 Other operating expenses 249,804 Interest expense 13,699 Income tax expense 10,476 160,880 14,625 9,538 Total costs and expenses 765,528 Net income $ 40,290 598,372 $ 37,519 Earnings per share $ 2.48 $ 2.31