Financial data for Joel de Paris Inc., for last year follow Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance Assets 138,000 126,000 Cash Accounts receivable 333,000 471,000 Inventory 568,000 489,000 Plant and equipment, net 881,000 874,000 Investment in Buisson, S.A. 408,000 432,000 Land (undeveloped) 251,000 250,000 Total assets $2,579,000 $2,642,000 Liabilities and Stockholders' Equity 383,000 348,000 Accounts payable Long-term debt 977,000 977,000 1,219,000 1,317,000 Stockholders' equity Total liabilities and stockholders' equity $2,579,000 $2,642,000 Joel de Paris Inc Income Statement 4,850,000 Sales 4,268,000 Operating expenses 582,000 Net operating income Interest and taxes 113,000 Interest expense Tax expense 192,000 305,000 Net income 277,000 The company paid dividends of $179,000 last year. The nvestment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company