2 Financial data for Beaker Company for last year appear below: Beaker Conpany Statements of Tinancial Position Ending Balance Assets Cash Accounta receivable Inventory Plant and equipment (net) Inveatment in Cedar Company Land (undeveloped) Total aseeta s 252,000 165, 000 298,000o 470,000 287,000 410,000 $1,882,000 $ 197,853 189,000 236,000 445,000 311,000 410,000 $1,788, 853 Liabilities and owners' equity Aecounts payable Long-tern debt vners' equity Total liabilities and ovners equity 227,000 860,000 149,000 860,000 1,882,000 1,788,853 Beaker Company Income Statenent Sales Less operating expenses Net operating ineome Less interent and taxesi 2,270,000 85,900 104,700 Interest expense Tax expense 2.047 153,853 Net income The company paid dividends of $169,000 last year. The "Investment in Cedar Company" on the statement of financial position represents an investment in the stock of another company