Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 $ 138,000 333,000 569,000 820,000 391,000 247,000 $ 2,498,000 $ 375,000 1,024,000 1,099,000 Ending Balance $ 125,000 476,000 477,000 822,000 428,000 245,000 $ 2,573,000 $ 347,000 1,024,000 1,202,000 $ 2,498,000. $ 2,573,000 Joel de Paris, Incorporated Income Statement Sales $ 4,324,000 Operating expenses Net operating income 3,675,400 648,600 Interest and taxes: $ 117,000 Tax expense 207,000 324,000 $ 324,600 Interest expense Net income The company paid dividends of $221,600 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%. Required: