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 $ 27,023 81,517 100,483 8,702 249,637 $ 467,362 87,864 163,500 97,297 $ 32,232 56,970 75,281 8,207 230,208 $ 402,898 $ 118,701 Long-term notes payable Common stock, $10 par value Retained earnings $ 69,452 90,813 163,500 79,133 Total liabilities and equity $ 467,362 $ 402,898 For both the current year and one year ago, compute the following ratios: $ 33,239 46,128 48,649 3,806 210,778 $ 342,600 $ 46,128 76,472 163,500 56,500 $ 342,600 Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Current Sales Year 100.0% 1 Year 2 Years Ago 100.0% Current Trend Percents 1 Year Ago Year 100.0% 104.2% Ago 103.0% 2 Years Ago 100.0% Cost of goods sold 63.4 Operating expenses 14.3 61.2 13.8 56.3 14.1 117.3 105.7 112.0 100.8 100.0 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Change in Net Income Net Income Determine the net income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? Note: Enter all amounts as positive values. Sales Cost of Goods Sold Operating Expenses Net Income Current Year 1 Year Ago 2 Years Ago $ 100,000 56,300 14,100 69 29,600 Express the balance sheets in common-size percents. Note: Do not round intermediate calculations and round your final percentage answers to 1 decimal place. SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago 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 Retained earnings % % % % % % % 10 % % Total liabilities and equity % % %