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6. value 10.00 points Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance
6. value 10.00 points Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) $ 134,000 $ 130,000 478,000 483,000 809,000 435,000 252,000 333,000 575,000 818,000 399,000 251,000 Total assets $2,510,000 $2,587,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ 382,000$ 338,000 1,013,000 1,013,000 1,115,000 1,236,000 Total liabilities and stockholders' equity $2,510,000 $2,587,000 Joel de Paris, Inc Income Statement Sales Operating expenses $ 4,700,000 3,901,000 799,000 Net operating income Interest and taxes $120,000 Interest expense Tax expense 197,000317,000 Net income $ 482,000 The company paid dividends of $361,000 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company
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