Simon Company's year-end balance sheets follow. At December 31 Assets Current Yr 1 Yr Ago 2 Yrs Ago 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 $ 31,800 $ 34,700 $ 36,200 88,700 63,900 56,700 68,716 84,800 54,700 11,418 9,332 3,920 394,366 247,268 208,480 $595,000 $440,000 $360,000 $149,637 $ 72,129 $ 46,094 109,623 162,500 103,224 162,500 78,764 162,500 72,642 173,240 102,147 $595,000 $440,000 $360,000 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 Current Yr $773,500 $471,835 239,785 13,150 10.056 1 Yr Ago $340,340 132,471 12,043 7.854 $ 523,600