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 Data from the current year-end. Barco Company Kyan. Company balance sheets Data from the current year's income statement Assets Sales $770,000 $921,200 Cash $ 20,500 $ 38,000 Cost of goods sold a 595,100 642,500 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 $468,240 $ 66,340 210,000 106,100 $ 468,240 37,400 56,400 Interest expense 8,600 10,000 84,940 134,500 Income tax expense 14,000 25,432 5,400 320,000 7,100 Net Income 151,500 235,268 308,400 Basic earnings per share 3.61 5.21 $103,300 85,800 105,000 226,000 Total assets 110,100 Common stock, $5 par value $ 544,400 $544,400 Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, not Merchandise inventory 3.80 3.99 $ 25,800 55,600 $ 51,200 115,4001 388,000 392,500 210,000 226,000 Retained earnings 114,200 55,100