Financial data for Joel de Paris, Inc., for last year follow:

Financial data for Joel de Paris, Inc., for last year follow. Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) $ 127,000 $ 138,000 339.000 473.000 565,000 486,000 829,000 803,000 403.000 430,000 250,000 252,000 2,513,000 $2,582,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ 389,000 $ 334,000 998.000 998,000 1,126,000 1,250,000 2,513,000 $2,582,000 Total liabilities and stockholders' equity Joel de Paris, Inc Income Statement Sales Operating expenses $ 4,136,000 3,598,320 537,680 Net operating income Interest and taxes $128,000 Interest expense Tax expense 203,000 331,000 Net income $ 206,680 The company paid dividends of $82,680 last year. The "Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company