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Financial data for Beaker Company for last year appear below: Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped)
Financial data for Beaker Company for last year appear below: Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets Beaker Company Statements of Financial Position Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity Total liabilities and owners equity Sales Less operating expenses Net operating income Less interest and taxes: Interest expense Tax expense Net income Beaker Company Income Statement Beginning Balance Ending Balance $ 98,600 125, 658 $ 346,000 202,000 298,000 463,000 318,000 237,000 $1,864, 000 $ 249,000 855,000 760,000 $ 1,864, 000 $ 1,790,000 1, 440, 950 349, 050 224,258 $ 124,792 $324, 792 159,000 299,000 455,000 293,000 237,000 $ 1,767, 792 $ 228,000 855,000 684,792 $ 1,767, 792 e company paid dividends of $200.000 last vear. The "Investment in Cedar Company" on the statem
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