Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Beginning Ending BalanceBalance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) $ 137,000 $ 129,000 331,000 479,000 565,000 485,000 797,000 777,000 396,000 427,000 251,000 250,000 2,477,000 2,547,000 Total assets Liabilities and Stockholders' Equity $ 377,000 $ 334,000 Accounts payable Long-term debt Stockholders' equity 1,028,000 1,028,000 1,072,000 1,185,000 Total liabilities and stockholders equity 2,477,000 2,547,000 Joel de Paris, Inc. Income Statement 5,180,000 Sales Operating expenses Net operating income 4,558,400 621,600 Interest and taxes Interest expense110,000 Tax expense 197,000 307,000 Net income $ 314,600 The company paid dividends of $201,600 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company