[The following information applies to the questions displayed below.] Summary information from the financial statements of two companies competing in the same industry follows. Cash Barco Company Company Kyan Barcol Company Kyan Company Data from the current year-end balance sheets. Assets Data from the current year's income statement Sales $810,000 $922,200 $ 21,000 $ 31,000 34,400 54,400 84,440 Cost of goods sold Interest expense 594,100 650500 8,700 11,000 134,500 Income tax expense 5,700 340,000 7,400 Net income 306,400 Basic earnings per share Cash dividends per share 15,569 25 459 191,631 235,241 5.04 5.71 3.82 3.96 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable. Common stock, $5 par value. Retained earnings Total liabilities and equity $485,540 $533,700 $ 61,340 $97,300 83,800 107,000 190,000 206,000 150,400 123,400 $485,540 $533,700 Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings $ 30,800 $57,200 57,600 107,400 448,000 422,500 190,000 206,000 103,929 51,311