Financial data for Redstone Company for last year appear below. Redstone Company Statements of Financial Position Beginning Ending Balance Balance Assets 260,000 217,450 Cash 149.000 Accounts receivable 57.000 Inventory 288,000 284.000 Plant and equipment (net) 496,000 450.000 Investment in Balsam Company 233,000 347.000 335,000 335,000 Land (undeveloped) Total assets $1,769,000 $1,782,450 Liabilities and owners' equity. 213,000 171.000 Accounts payable Long-term debt 803,000 803.000 808.450 Owners' equity 753,000 Total liabilities and owners' equity $1,769,000 $1,782,450 Redstone Company come statement 2,500,000 Sales Less operating expenses 1.925.000 575,000 Net operating income Less interest and taxes: 96,300 Interest expense 224,250 Tax expense 320,550 254,450 Net income The company paid dividends of $199,000 last year The "Investment in Balsam Company" on the statement of financial position represents an investment in the stock of another company