[The following information applies to the questions displayed below Summary information from the financial statements of two companies competing in the same industry follows. BarcoCompany Data Barco Kyan Company Company Data from the current year-end balance sheets Assets Data from the current year's income statement Sales $780,000 s 906,200 587,100 640500 9,100 14,000 4,99225,017 22,000 Cash Accounts receivable, net Current notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net 31,000 Cost of goods sold 39,400 55,400 Interest expense 9,800 8,400 Income tax expense 84,240 134,500 Net income 168,808 226,683 6.200 7750 Basic earnings per share 310,000 313,400 Cash dividends per share 4.02 4.80 3.814.02 s 471640s 550,450 Total assets Beginning-of-year balance sheet data Accounts receivable, net Liabilities and Equity S 32,800 $ 56,200 0 $62,340 S 101,300 Current notes receivable (trade) Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings 0 81,800 111,000 Merchandise inventory 210,000 236,000 Total assets 55,600 117,400 398,000 392,500 210,000 236,000 117.500 102,150 102,150 Common stock, $5 par value 471640s 550,450 Retained earmings 471,640 Total liabilities and equity 108,712 65,211