Question: Financial data for Joel de Paris lncz for last year follow: JOEL DE PARIS Balance Sheet Assets Accounts receivable Plant and equipment, net Investment

Financial data for Joel de Paris lncz for last year follow: JOEL

Financial data for Joel de Paris lncz for last year follow: JOEL DE PARIS Balance Sheet Assets Accounts receivable Plant and equipment, net Investment in Buisson, Land (undeveloped) Total assets Liabilities and Shareholders' Equity Accounts payable Long-term debt Shareholders' equity Total liabilities and shareholders' equity JOEL DE PARIS Income Statement Less: Operating expenses Net operating income Less: Interest and taxes: Interest expense Tax expense Net income 210001000 510 ,OOO 310 ,OOO $518201000 goo $518201000 3421000 $ 750,000 1 7501000 4701000 3401000 7 2251000 1 2751000 The company paid dividends of $251000 last year The "Investment in Buisson, represents an investment in the shares of another on the balance sheet

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