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Please correct and show work, thank you! The following information applies to the questions displayed below. Summary Information from the financial statements of two companies

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The following information applies to the questions displayed below. Summary Information from the financial statements of two companies competing in the same Industry Barco BarcoKyan CompanyCompany Company Company Data from the current year's income stetement Sales Data from the current year-end balance sheets $780,000 $923,200 592,100 634,500 4,000 25,487 164,608 249,213 5.77 $ 21,500 34,000 Cost of goods sold 37400 5,00 Interest expense Cash Accounts recelvable, net Current notes recelvable (trade 10,100 Merchandise inventory Prepaid expenses Plant assets, net 8,300 14,992 Income tax expense 7,000 84,940 138,500 Net Income 5,600 00 Basic earnings per share 4.12 309,400 310,000 469,540 550,400 Total assets Beginning-of-year balance sheet date Accounts receivable, net Liabilities and Equity Current llabilties Long-term notes payable Common stock, $5 par value 5 27800 $ 55,200 65,600 109,400 418,000 392,500 216,000 60,340 92,300 Crrent notes recelvable (trade) B5,800 3,000 Merchandise Inventory 216,000 Total assets 200,000 Retained earnings 123,400 129,100 Common stock, $5 par value 469,540 550,400 Total llabiities and equity Retained earnings 133,30096,600

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