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 $ 800,000 $ 893,200 Cash Accounts receivable, net 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 $ 504,740 $ 546,150 $ 20,500 34,400 $ 37,000 58,400 84,340 132,500 5,500 360,000 7,850 $ 504,740 310,400 $546,150 $ 63,340 $ 100,300 85,800 111,000 170,000 236,000 185,600 98,850 Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value) Retained earnings 588,100 8,100 15,377 642,500 16,000 24,659 188,423 5.54 3.74 210,041 4.45 4.02. $ 26,800 $ 56,200 55,600 113,400 418,000 412,500 170,000 236,000 124,337 78,553)