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) $ 288,000 $ 189,663 191,000 286,000 450,000 262,000 458,000 126,000 264,000 442,000 243,000 458,000 Total assets $1,821,000 $1,836,663 Liabilities and owners' equity Accounts payable Long-term debt Owners' equity $ 252,000 223,000 841,000 772,663 841,000 728,000 Total liabilities and owners' equity $1,821,000 $1,836,663