Financial data for Redstone Company for last year appear below: Redstone Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Balsam Company Land (undeveloped) $ 305,000 $ 395,362 136,000 247,000 435,000 259,000 417,000 147,000 266,000 468,000 233,000 417,000 Total assets $1,836,000 $1,889,362 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity $ 226,000 $ 204,000 821,000 864,362 821,000 789,000 Total liabilities and owners' equity $1,836,000 $1,889,362