same industry follows Fender Gibson Company Company Company Company Data from the current year-end balance sheets Assets Data from the current year's income statement $ 770,000 $ 889.200 594,100 634,500 13,000 14,800 24,548 52,300 217152 5.27 3.99 $ 21,000 34,000 Cost of goods sold 34,400 57400 Interest expense Accounts receivable, net Current notes receivable (trade) 8,800 9,000 8,400 Income tax expense 84.440 132,500 Net income Prepaid expenses Plant assets, net Total assets 5,300 300,000 7050 312.400 454,140 551,750 Basic earnings per share Cash dividends per share 4.01 3.79 Beginning-of-year balance sheet data Accounts receivable, net $ 31,800$ 51,200 Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity $61,340 $ 91,300 Current notes receivable (trade) 86,800 105,000 Merchandise inventory 190,000 206,000 Total assets 116,000 149,450 Common stock, $5 par value 55,600 15,400 378,000 392,500 90,000 206,000 07720 96,686 454,140 $551750 Retained earnings