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 Data from the current year's balance sheets income statement Assets Sales $790,000 $905,200 Cash $ 22,000 $ 34,000 Cost of goods sold 583,100 632,500 Accounts receivable, net 36,400 59,400 Interest expense 7,900 18,000 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities 84,740 132,500 Income tax expense 15,185 24,990 5,300 7,000 Net income 183,815 229,710 360,000 304,400 Basic earnings per share 5.11 4.67 $508,440 5 537,300 Cash dividends per share 3.82 3.95 Beginning-of-year balance sheet data $ 67,340 $ 91,300 Accounts receivable, net $ 26,800 $ 53,200 Long-term notes payable Common stock, $5 par value Retained earnings 79,800 180,000 103,000 Merchandise inventory 53,600 113,400 246,000 Total assets 428,000 412,500 181,300 97,000 Common stock, $5 par value 180,000 246,000 Total liabilities and equity $508,440 $ 537,300 Retained earnings 135,005 61,630