2 ces Required information [The following information applies to the questions displayed below.) Summary information from the financial statements of two companies competing in the same industry follows. Barco Company Kyan Company Barco Company Kyan Company Data from the current year-end balance sheets Data from the current year's incone statement Assets Sales $770,000 $921,200 Cash $20,500 $ 38,000 Cost of goods sold 595,100 Accounts receivable, net 37,400 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable. Common stock, $5 par value. Retained earnings Total liabilities and equity $ 468,240 $ 66,340 $ 103,300. 105,000 226,000 110,100 $ 468,240 85,800 210,000 106,100 $544,400 84,940 5,400 120,000 56,400 134,500) 7,100 300, 400 Net income Basic earnings per share $ 544,400 Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings Interest expense 0,500 642,500 18,000 Income tax expense 14,800 151,500 25,432 235,268 7,62 3.80 5.21 3.99 $ 25.000 3 51,200 55,600 115,400 300,000 292,500 210,000 226,000 114,200 55,180