Financial data for Joel de Paris, Inc., for last year follow: 32 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 Skipped $ 136,000 $ 128,000 476,000 474,000 882,000 430,000 255,000 $ 2,562,000 2,645,000 350,000 579,000 855,000 392,000 250,000 Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 383,000 $ 332,000 960,000 1,353,000 $ 2,562,000 2,645,000 960,000 1,219,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 4,656,000 4,097,280 558,720 Interest expense Tax expense $ 122,000 199,000 321,000