financial data for joel de paris inc

Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) $ 135,000 $ 139,000 339,000 482,000 481,000 818,000 409,000 434,000 251,000 251,000 569,000 837,000 Total assets $2,540,000 $2,605,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity $ 371,000 $ 339,000 1,038,000 1,038,000 1,131,000 1,228,000 Total liabilities and stockholders' equity $2,540,000 $2,605,000 Joel de Paris, Inc. Income Statement Sales Operating expenses $ 4,370,000 3,714,500 655,500 Net operating income Interest and taxes $ 127,000 Interest expense Tax expense 210,000 337,000 Net income $ 318,500