IThe following information applies to the questions displayed below.J Summary information from the financial statements of two companies competing in the same industry follows Company Company Company Company Data from the current year-end balance sheets Data from the current year's income statement 885,200 790,000 Assets Sales 646,500 19,000 31,000 Cost of goods sold Cash 588100 37,400 51,400 nterest expense Accounts receivable, net 00 15,000 Current notes receivable (trade) 9,200 7000 ncome tax expense 15,185 24,438 Merchandise inventory 84,240 136,500 Net income 179,015 199,262 7,450 Basic earnings per share Prepaid expenses 5,500 4.71 4.22 330,000 312,400 Cash dividends per share Plant assets, net 3.78 3.92 $485,340 $545,750 Total assets Beginning-of-year balance sheet data Liabilities and Equity 25,800 51,200 Accounts receivable, net Current liabilities 69,340 $103,300 Current notes receivable (trade 78,800 Long-term notes payable 103,000 Merchandise inventory 57600 109,400 382,500 236,000 Common stock, $5 par value 190,000 Total assets 428,000 236,000 147,200 103,450 Common stock, $5 par value Retained earnings $485,340 $545,750 Retained earnings Total liabilities and equity