Financial data for Joel de Paris. Inc., for last year follow. Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance Assets 139,000 126.000 Cash 334,000 Accounts receivable 479.000 487,000 Inventory 571,000 826,000 818,000 Plant and equipment, net 406,000 426,000 Investment in Buisson, S.A. Land (undeveloped) 252,000 245.000 s 2,528,000 2,581,000 Total assets Liabilities and Stockholders' Equity 375,000 349,000 Accounts payable 950,000 950,000 Long-term debt Stockholders' equity 1.203.000 1.282.000 S 2,528,000 2,581,000 Total liabilities and stockholders' equity Joel de Paris, Inc Income Statement Sales 3,969,000 Operating expenses 3.413.340 Net operating income 555.660 Interest and taxes: Interest expense 127.000 Tax expense 203.000 330.000 Net income 225.660 The company paid dividends of $146,660 last year The "Investment in Buisson, S.A. on the balance sheet represents an investment in the stock of another company