Required information The following information applies to the questions displayed below. Summary information from the financial statements of two companies competing in the same industry folows BarcoKyan Conpany Company Data from the current year-end balance sheets Assets Cash Accounts receivable, net Current notes receivable (trade) 9, 300 7,800 Income tax expense Company Company Data fron the current year's income statenent Sales $780,000 $915, 200 594,100 646,500 s 21, sao s 37,000 Cost of goods sold 40,400 55, 400 Interest expense 8, 1001, 000 14, 99225, 266 162,808 233,434 4.52 5.4 84, 640 142, 500 Net incone Prepaid expenses Plant assets, net 5, 800 7,850 Basic earnings per share 290,000307, 400 cash dividends per share 3.77 Total assets $451, 640 $557, 950 Beginning-of-year balance sheet data Accounts receivable, net Liabilities and Equity Current liabilities Long-term notes payable Connon stock, $5 par value Retained earnings Total liabilities and equity 5 28, 8o0 56.200 s 64,340 $101,300 Current notes receivable (trade) 84, 800 103,083 Merchandise inventory 180, 003 216,880 Total assets 122,500 137.650 Comon stock, $5 par value 57,600 109, 0 408, 008 422, 500 180,000 216,0O0 $451,640 $557, 950 Retained earmings 5,412 75,720