Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet BeginningEnding Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) $ 137,000 $ 133,000 479,000 487,000 821,000 432,000 248,000 349,000 574,000 820,000 391,000 245,000 Total assets $2,516,000 $2,600,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ 376,000 S 345,000 1,011,000 1,011,000 1,129,000 1,244,000 Total liabilities and stockholders' equity $2,516,000 $2,600,000 Joel de Paris, Inc. Income Statement Sales Operating expenses $ 5,130,000 4,257,900 872,100 Net operating income Interest and taxes $111,000 Interest expense Tax expense 02,000 313,000 Net income S 559,100 The company paid dividends of $444,100 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company