[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 Accounts payable Current Yr 1 Yr Ago 2 Yrs Ago $ 25,066 89,600 112,500 $ 29,299 $ 30,520 62,200 51,400 83,500 59,000 8,072 7,691 3,391 193,896 187,253 167,089 $429,134 $369,943 $ 311,400 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $105,786 $ 61,895 $ 40,694 79,870 84,236 68,131 162,500 162,500 162,500 80,978 $429,134 $369,943 $311,400 61,312 40,075 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit For Year Ended December 31 Sales Other operating expenses Cost of goods sold Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Yr $ 557,874 $ 340,303 172,941 9,48 7,252 529,980 $ 27,894 $ 1.72 1 Yr Ago $ 440,232 $ 286,151 111,379 10,125 6,603 414,258 $ 25,974 $ 1.60