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 Data from the current year-end balance sheets Assets Data from the current year's income statement Sales Company $810,000 $901,200 Cash $ 18,500 $ 34,000 Cost of goods sold 591,100 638,500 Accounts receivable, net 37,400 84,740 6,100 54,400 Interest expense 9,300 15,000 370,000 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 $516,740 $545,600 $ 62,340 $91,300 84,800 111,000 160,000 206,000 209,600 137,300 $516,740 $545,600 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings 140,500 Income tax expense 7,300 Net income 309,400 Basic earnings per share Cash dividends per share 15,569 24,879 194,031 222,821 6.06 $.41 3.71 3.96 $25,000 $56/200 55,600 109,400 458,000 362,500 160,000 206,000 134,289 77,631