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 secured by mortgages on plant assets. Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Yr Ago 2 Yrs Ago $ 32,000 $ 34,900 $ 37,500 88,800 64,700 50,700 57,954 10,267 82,400 9,651 53,400 3,594 184,806 345,979 263,349 $535,000 $455,000 $330,000 $137,211 $ 78,433 $ 44,867 98,568 103,603 73,659 162,500 162,500 162,500 136,721 110,464 48,974 $535,000 $455,000 $330,000 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Current Yr 1 Yr Ago $541,450 $695,500 Cost of goods sold $424,255 $351,943 Other operating expenses 215,605 Interest expense 11,824 Income tax expense 9,042 136,987 12,453 8,122 Total costs and expenses 660,726 Net income $ 34,774 509,505 $ 31,945 Earnings per share. $ 2.14 $ 1.97