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5.00 points Financial data for Joel de Paris. nc, for last year follow Joel de Paris, Inc Balance Sheet Balance Balance Assets 120,000 Cash 140,000 450,000 530,000 Accounts receivable 380,000 320,000 Inventory 680,000 620,000 Plant and equipment, net 280,000 250,000 Investment in Buisson, S.A. Land (undeveloped) 80.000 170,000 Total assets 2,020,000 2,100,000 Liabilities and Stockholders' Equity 360,000 310,000 Accounts payable 1,500,000 1,500,000 Long-term debt Stockholders' equity 60.000 290.000 2,020,000 2.100.000 Total liabilities and stockholders' equity Joel de Paris, Inc Income Statement Sales 4,050,000 3,645,000 Operating expenses Net operating income 405,000 Interest and taxes $150,000 Interest expense 110.000 Tax expense 260,000 45.000 Net income