Financial data for Joel de Paris, Inc., for last year follow 8.17 Assets Cash Accounts receivable...

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Financial data for Joel de Paris, Inc., for last year follow 8.17 Assets Cash Accounts receivable Inventory Plant and equipment, net Investment In Buisson, S.A. Land (undeveloped) Total assets Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance $ 137,000 $ 127,000 347,000 484,000 577,000 478,000 859,000 871,000 410,000 431,000 252,000 247,000 $ 2,582,000 $ 2,638,000 $ 389,000 1,042,000 1,151,000 $ Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders equity Total liabilities and stockholders' equity $ 2,582,000 343,000 1,042,000 1,253,000 $ 2,638,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense $5,044,000 4,357 840 706,160 $110,000 199,000 109,000 Financial data for Joel de Paris, Inc., for last year follow 8.17 Assets Cash Accounts receivable Inventory Plant and equipment, net Investment In Buisson, S.A. Land (undeveloped) Total assets Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance $ 137,000 $ 127,000 347,000 484,000 577,000 478,000 859,000 871,000 410,000 431,000 252,000 247,000 $ 2,582,000 $ 2,638,000 $ 389,000 1,042,000 1,151,000 $ Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders equity Total liabilities and stockholders' equity $ 2,582,000 343,000 1,042,000 1,253,000 $ 2,638,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense $5,044,000 4,357 840 706,160 $110,000 199,000 109,000