M http:// A939786951 p c NM Problem 11-15 Return on In- x dit View Favorites Tools Help Joel de Paris, Inc. Beginning Ending Balance Bala Assets 127,000 136,000 346,000 477,000 Accounts receivable 560,000 478,000 887.000 869,000 Plant and equipment, net 400,000 435.000 Investment in Buisson, SA. 250.000 254,000 Land (undeveloped) $2,570,000 $2,649,000 Total assets Liabilities and Stockholders' Equity 385.000 335.000 Accounts payable 1,011,000 1,011,000 Long-term debt 1,174,000 1,303,000 Stockholders' equity Total liabilities and stockholders' equity $2,570,000 $2,649,000 Joel de Paris, Inc. Income Statement 5,432,000 4,725,840 Operating expenses 706,160 Net operating income Interest and taxes 126,000 Interest expense 190.000 316,000 Tax expense Net income 390,160 The company paid dividends of $261.160 last year The "Investment in Buisson S A," on the balance sheet represents an investment in the stock of another company