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 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 e Net operating income Interest and taxess Interest expense Net income Beginning Balance Ending Balance $137,000 $129,000 340,000 478,000 576,000 480,000 877,000 883,000 392,000 432,000 254,000 250,000 $2,576,000 $2,652,000 $378,000 974,000 1,224,000 $343,000 974,000 1,335,000 $2,576,000 $ 2,652,000 $ 5,265,000 4,580,550 684,450 $110,000 208,000 318,000 $ 366,450 The company paid dividends of $255,450 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: