At December 31 1 Year Ago 2 Years Ago Assets Cash $36,733 $ 37,506 Accounts receivable, net 62,300 50,900 Merchandise inventory Prepaid expenses 84,000 53,000 111,000. 10,120 285,315 9,643 4,167 Plant assets, net 261,945 229,527 Total assets $ 527,360 $ 454,621 $ 375,100 Liabilities and Equity Accounts payable $50,008 Long-ters notes payable $ 77,599 105,60 $ 132,626 100,135 162,500 132,099 83,726 Common stock, $10 par value 162,500 Retained earnings 162,500 108,014 78,866 Total liabilities and equity $ 527,350 $ 454,621 $375,100 The company's income statements for the current year and one year ago follow.
