Financial data for Beaker Company for last year appear below Beaker Company Statements of Financial Position Beginning Balance Ending Balancee AssetS: Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets $ 308,000 131,000 325,000 460,000 243,000 300,000 $1,767,000 $ 246, 245 164,000 256,000 453,000 312,000 300,000 $1,731,245 Liabilities and owners Accounts payable Long-term debt Owners' equity Total liabilities and owners' equity ' equity: $ 168,000 809,000 790,000 $1,767,000 $ 145,000 809,000 777,245 $1,731,245 Beaker Company Income Statement Sales Less operating expenses Net operating income Less interest and taxes: $1,780,000 1,450,700 329,300 $ 93,800 115,255 Interest expense 209,055 $ 120,245 Tax expense Net income