Summary information from the financial statements of two companies competing in the same industry follows. Barco Kyan Barco Kyan Company Company Company Company Data from the current year-end balance sheets Data from the current year's income statement 770,000 880,200 Assets Sales 632,500 19,500 34,000 Cost of goods sold 585,100 Cash 37400 57400 nterest expense Accounts receivable, net 7900 13,000 14,800 24,300 162,200 210,400 Current notes receivable (trade) 9.100 7,200 ncome tax expense Merchandise inventory 84,440 132,500 Net income Prepaid expenses 5.000 6.950 Basic earnings per share 4.5 5.11 290,000 304.400 Cash dividends per share Plant assets, net 3.8 3.93 445,440 $542,450 Total assets Beginning-of-year balance sheet data 29,800 54,200 Liabilities and Equity Accounts receivable, net 61,340 93,300 Current notes receivable (trade Current liabilities 80,800 101,000 Merchandise inventory Long-term notes payable 55.600 07400 206.000 382,500 Common stock, $5 par value 180,000 Total assets 398.000 206.000 180,000 123,300 142,150 Common stock, $5 par value Retained earnings Total liabilities and equity 445.440 $542.450 Retained earnings 98,300 93.600