You skipped this question in the previous attempt. 7 Financial data for Joel de Paris, Inc., for last year follow: 03:08:39 Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance $ 126,000 $ 134,000 349,000 477,000 575,000 486,000 810,000 803,000 393,000 433,000 254,000 248,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 2,507,000 $ 373,000 1,038,000 1,096,000 $2,581,000 $ 344,000 1,038,000 1,199,000 $ 2,507,000 $ 2,581,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 117,000 191,000 $ 3,948,000 3,395,280 552,720 308,000 $ 244,720 The company paid dividends of $141,720 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%.