OURCES work Problem 14-1A (Part Level Submission) Par Comparative statement data for Farris Company and Ratzlaff Company, two competitors, appear below. All balance sheet data are as of December 31, 2017, and December 31, 2016 y Study Farris Company 2017 Ratzlaff Company -20162017 20162017200 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings $1,580,000 1,100,000 $339,700 241,200 80,000 2,600 6,500 301,400 8,800 53,700 326,500 $314,200 82,000 $78,000 521,100 498,500 138,000 123,900 64,800 75,800 36,600 28,800 107,600 89,600 30,800 25,800 117,000 178,700 150,800 35,600 30,300 496,500 496,500 117,000