The current year financial statements for Blue Water Company and Prime Fish Company are presented below.Blue WaterPrime FishBalance sheetCash$ $41,680$$ $20,400$Accounts receivable $($net$)32,80616,88043,60$Propay & equipment $($net$)149,000$Other assets$84,668$Total assets$ $412,200$$ $816,600$Current liabilities$ $96,000$$ $58,800$Long$-$term debt $($interest rate: $1805)69,20861,20$Capital stock $($$$10$ par value$)152,208518,60$lAdditional paid$-$in capital$29,600186,600$Retained earnings$65,20272,209$Total liabilities and stockholders' equity$ $412,208$$ $816,000$Income statenentSales revenue $(1/3$ on credit$)$$ $438,000$$ $796,000$Cost of goods sold$(238,080)(400,680)$Operating expenses$(162,200)(311,600)$Net income$ $37,880$$ $83,8000$LnErcaaPer share stock price at end of current year$ $22\mathrm{.}6$$ $21$Averate tricane Lax rea$3$exDividends declared and paid in current year$ $33,600$$ $151,888$Both compantes are In the fish catching and manufacturing business. Both have been In business approximately $10$ years, and each has had steady growth. The management of each has a different viewpoint In many respects. Blue Water Is more conservative, and as Its president has said, $"$We avold what we consider to be undue risk." Nelther company Is publicly held.