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 $ 887,200 Merchandise inventory Prepaid expenses Plant assets, net Total assets Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity Cash $ 22,000 $ 35,000 Accounts receivable, net 36,400 50,400 84,340 6,100 330,000 $ 478,840 $ 534,950 Liabilities and Equity Current liabilities $ 65,340 $ 99,300 81,800 180,000 151,700 113,000 196,000 126,650 $ 478,840 $ 534,950 134,500 7,650 307,400 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 594,100 7,800) 648,500 14,000 15,377 24,493 182,723 200,207 5.08 5.11 3.74 4.02 $ 28,800 $ 52,200 53,600 113,400 388,000 362,500 180,000 196,000 103,617 84,027