Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets $ 127,000 137,000 344,000 472,000 560,000 484,000 809,000 787,000 428,000 246,000 248,000 Cash Accounts receivable Plant and equipment, net Investment in Buisson, SA. Land (undeveloped) 394,000 Total assets $2,480,000 $2,556,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ 383,000 341,000 1,047,000 1,047,000 1,050,000 1168,000 Total liabilities and stockholders' equity $2,480,000 $2,556,000 Joel de Paris, Inc. Income Statement Sales Operating expenses $4,092,000 3,355,440 736,560 Net operating income Interest and taxes $ 119,000 Interest expense Tax expense 203,000 322,000 Net income $ 414,560 The company paid dividends of $296,560 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company