What follows are the liabilities and shareholders' equity sections of the statements of financial position for Kao Corp. and Bennington Corp. Each has assets totalling $4.6 million. Kao Corp. Current liabilities Long-term debt, 10% 350,000 1,200,000 Common shares (80,000 shares issued) Retained earnings (Cash dividends, $210,000) 1,600,000 1,450,000 $ 4,600,000 Bennington Corp. Current liabilities $ 250,000 Common shares (145,000 shares issued) 2.900,000 Retained earnings (Cash dividends, $679,428) 1,450,000 ING