[The following information applies to the questions displayed below.) 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 Current Year 1 Year Ago 2 Years Ago $ 40,985 68,911 $ 34,719 99,630 121,508 11,070 315,706 $ 582,633 94,778 10,442 287,154 $ 502,270 $ 87,430 115,522 $ 42,706 58,069 62,468 4,604 259,253 $ 427,100 $ 56,941 94,389 162,500 Accounts payable $ 142,174 Long-term notes payable Common stock, $10 par value Retained earnings 110,630 162,500 167,329 162,500 136,818 113,270 Total liabilities and equity $ 582,633 $ 502,270 $ 427,100 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 $ 462,028 234,801 12,876 9,846 $ 757,423 1 Year Ago $ 597,701 719,551 $ 37,872 $ 2.33 $ 388,506 151,218 13,747 8,966 562,437 $ 35,264 $ 2.17