Financial data for Redstone Company for last year appear below: Redstone Company Statements of Financial Position Beginning Balance Ending Balance Assets 260,000 217,450 Cash 149,000 157,000 Accounts receivable 284,000 288,000 Inventory Plant and equipment (net) nvestment in Balsam Company 496,000 450,000 233,000 347,000 335,000 335,000 Land (undeveloped) $1,769,000 $1,782,450 Total assets Liabilities and owners' equity: Accounts payable 213,000 171,000 803,000 Long-term debt 803,000 Owners' equity 753,000 808.450 $1,769,000 S1.782,450 Total liabilities and owners' equity Redstone Company Income statement Sales $2,500,000 1,925,000 Less operating expenses 575,000 Net operating income Less interest and taxes: Interest expense 96,300 320.550 224,250 Tax expense S 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