Beaker Company Income Statement Sales $2,060,000 Less operating expenses $1,854,000 Net operating income $206,000 Less interest and taxes: Interest expense $96,900 Tax expense $63,860 $160,760 Net income $45 240 The company paid dividends of $178,000 last year. The "Investment in Cedar Company" on the statement of nancial position represents an investment in the stock of another company. Additionally; The Board of Directors of Beaker Company has set a minimum required return of 15%