Assets: Cash Beaker Company Statements of Financial Position Beginning Balance $ 335,000 Ending Balance $ 471,760 176,000 Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income $ 96,700 202,540 $2,050,000 1,517,000 533,000 299, 240 $ 233,760 210,000 296,000 508,000 229,000 182,000 $1,760,000 264,000 460,000 295,000 182,000 $1,848,760 $ 190,000 833,000 737,000 $1,760,000 $ 235,000 833,000 780, 760 $1,848, 760