At December 31 Current Year 1 Year Ago 2 Years Ago Assets Cash $36,830 $ 37,605 Accounts receivable, net Merchandise inventory $ 32,473 95,979 64,453 50,140 119,504 87,777 56,140 Prepaid expenses 10,561 9,964 4,178 Plant assets, net 286,417 270,747 239,537 Total assets $544,934 $ 469,771 $ 387,600 Liabilities and Equity Accounts payable $ 138,402 Long-term notes payable. Common stock, $10 par value 104,497 162,500 139,535 $78,597 110, 208 162,500. $ 51,675 85,660 162,500 87,765 Retained earnings 118,466 Total liabilities and equity $ 544,934 $469,771 $ 387,600 The company's income statements for the current year and one year ago, follow.
