Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Beginning Balance Ending Balance $ 126,000 335,000 $ 132,000 483,000 564,000 875,000 408,000 247,000 489,000 836,000 425,000 250,000 Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 120,000 201,000 $ 2,555,000 $ 372,000 962,000 1,221,000 $ 2,555,000 $ 5,184,000 4,458,240 725,760 321,000 $ 404,760 $ 2,615,000 $ 347,000 962,000 1,306,000 $ 2,615,000