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 $ 34,429 100,805 130,584 10,974 318,664 $ 41,066 $ 44,096 74,021 58,212 95,915 61,996 4,900 271,796 11,103 291,219 $ 595,456 $ 513,324 Long-term notes payable $ 148,269 108,587 Common stock, $10 par value 162,500 Retained earnings 176,100 142,466 Total liabilities and equity $ 595,456 $ 513,324 $ 86,752 121,606 162,500 $ 441,000 $ 57,630 95,512 162,500 125,358 $ 441,000 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 $ 774,093 $ 472,197 239,969 13,160 10,063 735,389 $ 38,704 $ 2.38 1 Year Ago $ 397,056 154,547 14,050 9,163 $ 610,856 574,816 $ 36,040 $ 2.22