Financial data for Joel de Paris, Inc, for last year follow Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inven Plant and equipment, net Investment in Buisson, SA Land (undeveloped) Total assets $125,000 348,000 573,000 834.000 391,000 254,000 $133,000 483.000 476,000 828,000 429,000 246,000 S2,525,000 $2,595,000 Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $382,000 1,011,000 1,132,000 $2,525,000 $336,000 1,011,000 1,248,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: $5,130,000 4,514,400 615,600 Interest expense Tax expense $124,000 203,000 327,000 $288,600 Net income The company paid dividends of $28,860 last year. The "Investment in Buisson, S.A, on the balance sheet represents an investment in the stock of another company