Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets $ 126, 000 337,000 573, 000 844, 000 397, 000 254,000 $ 2, 531, 000 130,000 476, 000 475, 000 839, 000 434, 000 253,000 $2,607, 000 ok nt Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity 2, 531,000 s2, 607,000 s 379, 000 1,009, 000 1,143, 000 $ 341, 000 1,009, 000 1,257, 000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 5, 130, 00o 4, 360, 500 769, 500 Interest expense Tax expense S 125, 000 195,000 320,000 Prev 3of 3