Financial data for Beaker company for last year appear below: 1. Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $256,000 $231,240 Accounts receivable $144,000 $192,000 Inventory $310,000 $240,000 Plant and equipment (net) $492,000 $445,000 Investment in Cedar Company $301,000 $286,000 Land (undeveloped) $ 280,000 $280,000 Total assets $1,783,000 $1,674,240 Liabilities and owners' equity: Accounts payable $214,000 $238,000 Long-term debt $810,000 $810,000 Owners' equity $759,000 $626,240 Total liabilities and owners' equity $ 1,783,000 $1,674,240