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 Assets Data from the current year's income statement Sales $780,000 $881,200 $ 22,000 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 $ 64,340 $ 92,300 84,800 200,000 99,000 196,000. 158,300 156,900 $507,440 $544,200 Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value. Retained earnings $31,000 35,400 57,400 Cost of goods sold Interest expense 583,100 644,500 8,200 18,000 5,300 360,000 $507,440 $544,200 84,740 138,500 Income tax expense 6,900 310,400 Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data $ 30,800 $ 56,200 63,600 107,400 388,000 392,500 200,000 196,000 133,392 118,935 14,992 173,708 24,327 194,373 4.34 4.96 3.72 3.99