Problem 14-1A (Part Level Submission)

Comparative statement data for Lionel Company and Barrymore Company, two competitors, appear below. All balance sheet data are as of December 31, 2014, and December 31, 2013.

		Lionel Company				Barrymore Company
		2014		2013		2014		2013
Net sales		$1,596,503				$339,169
Cost of goods sold		1,030,220				236,993
Operating expenses		278,162				76,890
Interest expense		7,660				2,180
Income tax expense		60,855				7,220
Current assets		405,098		$388,970		86,818		$ 82,352
Plant assets (net)		595,494		572,424		141,242		126,395
Current liabilities		65,199		74,246		18,350		12,649
Long-term liabilities		102,987		83,543		16,529		11,510
Common stock, $5 par		580,000		580,000		137,000		137,000
Retained earnings		252,406		223,605		56,181		47,588

This is very similar to previous questions asked, but the values are slightly different.