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 $800,000 $907,200 Assets Sales 632,500 19,000 36,000 Cost of goods sold 591,100 Cash 38,400 8,700 Accounts receivable, net 57,400 nterest expense 19,000 Current notes receivable (trade) 9,600 7800 Income tax expense 15,377 25.045 230.655 184,823 Merchandise inventory 84.640 132,500 Net income Prepaid expenses 6.000 7800 Basic earnings per share 4.62 4.89 306,400 Plant assets, net 350,000 Cash dividends per share 3.72 3.94 Total assets 507,640 $547,900 Beginning-of-year balance sheet data 31,800 57,200 Liabilities and Equity Accounts receivable, net 61,340 92,300 Current notes receivable (trade) Current liabilities 59,600 105,400 Long-term notes payable 85,800 117,000 Merchandise inventory 236,000 422,500 Common stock, $5 par value Total assets 200,000 418,000 236,000 160.500 102,600 Common stock, $5 par value Retained earnings 200,000 507,640 $547,900 Retained earnings 57,913 Total liabilities and equity