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 $ 31,489 88,582 $ 35,365 62,520 $ 37,958 114,749 9,842 278,591 $ 523,253 $ 134,199 100,339 162,500 126,215 82,615 9,567 261,013 $ 451,080 $ 76,233 102,711 162,500 109,636 $ 523,253 $ 451,080 51,107 52,844 4,259 229,732 $ 375,900 $51,107 83,905 162,500 78,388 $ 375,900 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 $ 414,940 210,871 11,564 8,843 $ 680,229 646,218 $ 34,011 $2.09 1 Year Ago $ 536,785 $ 348,910 135,807 12,346 8,852 505,115 $ 31,670 $ 1.95