The following information opplies to the questions displayed belowj Summary information from the financial statements of two companies competing in the same industry follows. Borco Berco Company Company Company Data from the current year-end balance sheets Data from the current year's income statement 920.200 $790,000 Assets Sales 632,500 18.000 32.000 Cost of goods sold Cash 584.100 Accounts receivable, net 37,400 55,400 Interest expense 8,900 4,000 Current notes receivable 9,400 7800 Income tax expense 15,185 25,404 (trade 248,296 Merchandise inventory 84,540 34.500 Net income 181,815 5.200 7,200 Basic earnings per share Prepaid expenses 4.78 6.03 360.000 312,400 Plant assets, net 514.540 549.300 Total assets Beginning ofyear balance sheet data Liabilities and Equity Accounts receivable, net 31,800 56,200 Current notes receivabl 61,340 $102,300 Current liabilities (trade Long-term notes payable 79.800 103.000 Merchandise inventory 55.600 09.400 Common stock, $5 par 190,000 206,000 382,500 428,000 Total assets 183,400 206.000 138.000 Common stock, $5 par valu 90,000 Retained earnings 514.540$ 549.300 Retoined earnings 124.300 95.600 Total liabilities end equity