Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) $ 127,000 $ 131,000 343,000 470,000 575,000 482,000 815,000 817,000 390,000 431,000 246,000 250,000 Total assets $ 2.496,000 2,581,000 s Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ 376,000 347,000 1,039,000 1,039,000 1,081,000 1,195,000 2,496,0002,581,000 Total liabilities and stockholders' equity Joel de Paris, Inc Income Statement Sales Operating expenses $5,076,000 4,213,080 862,920 Net operating income Interest and taxes $ 125,000 Interest expense Tax expense 205,000 330,000 Net income $ 532,920