Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable. Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Joel de Paris, Incorporated Income Statement Beginning Balance $ 139,000 342,000 577,000 Ending Balance $ 133,000 482,000 482,000 802,000 803,000 390,000 433,000 247,000 251,000 $ 2,497,000 $ 376,000 1,016,000 1,105,000 $2,584,000 $ 346,000 1,016,000 1,222,000 $ 2,497,000 $ 2,584,000 Sales Operating expenses Net operating income 54,136,000 3,391,520 744,480 Interest and taxess $122,000 210,000 332,000 $ 412,480 Interest expense Net income The company paid dividends of $295,480 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%. Danurad