Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Assets: Cash 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 $2,350,000 2,103,250 246,750 Less interest and taxes: Interest expense $99,200 Tax expense 78,960) Net income 178,160 68,590 Beginning Balance Ending Balance $ 341,000 188,000 260,000 448,000 315,000 301,000 $1,853,000 $ 336,590 192,000 251,000 385,000 257,000 $ 203,000 892,000 758,000 $1,853,000 301,000 $1,722,590 $ 206,000 892,000 624,590 $1,722,590 The company paid dividends of $202,000 last year. The "Investment in Cedar Company" on the statement of financial position represents an investment in the stock of another company.