! 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 income statement Assets Sales Cash Accounts receivable, net $ 22,000 35,400 $ 34,000 Cost of goods sold Merchandise inventory Prepaid expenses Plant assets, net 84,540 5,800 350,000 53,400 134,500 7,650 303,400 Interest expense $770,000 593,100 7,800 $ 911,200 650,500 18,000 Income tax expense 14,800 25,155 Net income 154,300 217,545 Basic earnings per share Total assets $ 497,740 $ 532,950 Cash dividends per share 4.06 3.79 4.81 3.99 Current liabilities Liabilities and Equity Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity data $ 60,340 $ 96,300 79,800 190,000 167,600 111,000 226,000 Total assets 99,650 $ 497,740 $ 532,950 Beginning-of-year balance sheet Accounts receivable, net Merchandise inventory Common stock, $5 par value Retained earnings $ 28,800 $ 51,200 61,600 113,400 428,000 392,500 190,000 226,000 157,320 62,453