Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash $ 125,000 $ 131,000 Accounts receivable 337,000 486,000 Inventory 568,000 480,000 Plant and equipment, net 810,000 783,000 Investment in Buisson, S.A. 394,000 426,000 Land (undeveloped) 251,000 254,000 Total assets $ 2,485,000 $ 2,560,000 Liabilities and Stockholders' Equity Accounts payable $ 372,000 $ 339,000 Long-term debt 1,019,000 1,019,000 Stockholders' equity 1,094,000 1,202,000 Total liabilities and stockholders' equity $ 2,485,000 $ 2,560,000 Joel de Paris, Incorporated Income Statement Sales $ 3,906,000 Operating expenses 3,281,040 Net operating income 624,960 Interest and taxe