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Financial data for Redstone Company for last year appear below: Redstone Company of Financial Position Beginning Ending Assets: 303,000 337,392 169,000 217,000 238,000 242,000 407,000

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Financial data for Redstone Company for last year appear below: Redstone Company of Financial Position Beginning Ending Assets: 303,000 337,392 169,000 217,000 238,000 242,000 407,000 481,000 Plant and equipment (net) Investment in Balsam Company 256,000 Land (undeveloped) 280,000 280,000 Total assets $1,731,000 $1,787,392 Liabilities and owners' equity: 171,000 188,000 Long-term debt 810,000 810,000 Owners equity 750,000 789,392 Total liabilities and owners' equity $1,731,000 $1,787,392 2,220,000 1,687,200 S103,600 191,808 295,408 237,302

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