Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 137,000 129,000 479,000 488,000 834,000 426,000 252,000 2,544,000 $ 2,608,000 345,000 565,000 843,000 406,000 248,000 $ 372,000 347,000 ,000,000 261,000 2,544,000 $ 2,608,000 1,000,000 1,172,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: s4,584,000 779,280 Interest expense Tax expense s 117,000 201,000 318,000 s 461,280 Net income 1 of 1