25.000 points Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Assets 127,000 139,000 Accounts receivable 349,000 486,000 inventory 577,000 485.000 837,000 Plant and equipment, net Investment in Buisson, SA. 401,000 432,000 Land (undeveloped) 246,000 253.000 Total assets $2,537.000 $2,615.000 Liabilities and Stockholders' Equity 374,000 337 000 Accounts payable Long-term debt 1,042,000 1.042.000 Stockholders' equity 1.121,000 1,236,000 Total liabilities and stockholders' equity $2,537,000 $2,615,000 Joel de Paris, Inc Income Statement 4,966,000 Operating expenses 4,270,760 Net operating income 695.240 Interest and taxes: Interest expense 125,000 323,000 Tax expense 198,000 372,240 Net income The company paid dividends of $257,240 last year. The "Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company