Financial data for Beaker Company for last year appear below Beaker Company Statements of Financial Position Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets $ 290,e8e 289,ee0 282,000 438,888 304,000 241,00e $1,756,e00 $ 451,28e 193,e8e 232,006 393,608 255,880 241,800 $1,765,280 Liabilities and owners' equity: Accounts payable Long-term debt Owners equity Total liabilities and owners' equity $ 208,0ee 824,000 s 175,eee 824,000 766,28 $1,765,280 $1,756,ee0 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: $1,960,00e 441,000 Interest expense Tax expense $103,600 141,128 244,72e s 196,280 Net income