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 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 35,500 62,000 84,000 $ 32,000 89,300 111,000 10,800 277,000 $520,100 $ 130,000 96,500 9,450 249,500 $ 440,450 $ 72,750 98,250 160,500 108,950 160,500 133,100 $520,100 $ 440,450 $ 38,200 50,500 54,500 5,000 234,000 $ 382,200 $ 50,600 80,600 160,500 90,500 $ 382,200 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 $ 468,100 234,050 12,100 9,400 $ 600,000 1 Year Ago $ 755,000 384,000 144,000 13,300 8,800 723,650 $ 31,350 $ 1.95 550,100 $ 49,900 $ 3.11