Please explain your answers

Financial data for Joel de Paris, Inc., for last year follow:

Joel de Paris, Inc. Balance Sheet
	Beginning Balance		Ending Balance
Assets
Cash	$	129,000	$	130,000
Accounts receivable		335,000		481,000
Inventory		567,000		487,000
Plant and equipment, net		859,000		832,000
Investment in Buisson, S.A.		392,000		430,000
Land (undeveloped)		246,000		254,000
Total assets	$	2,528,000	$	2,614,000
Liabilities and Stockholders' Equity
Accounts payable	$	376,000	$	350,000
Long-term debt		1,033,000		1,033,000
Stockholders' equity		1,119,000		1,231,000
Total liabilities and stockholders' equity	$	2,528,000	$	2,614,000

Joel de Paris, Inc. Income Statement
Sales		$	4,202,000
Operating expenses			3,613,720
Net operating income			588,280
Interest and taxes:
Interest expense	$ 119,000
Tax expense	199,000		318,000
Net income		$	270,280

The company paid dividends of $158,280 last year. The