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Financial data for Redstone Company for last year appear below: Redstone Company Statements of Financial Position Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment (net) Investment in Balsam Company Land (undeveloped) $356,000 318,575 79,000 284,000 259,000 445,000 238,000 326,000 278,000 143,000 467,000 278,000 lotal assets $1,766,000 $1,805,575 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity 227000 $ 179,000 813,000 726,000 813,000 813,575 Total liabilities and owners' equity $1,766,000 $1,805,575