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Financial data for Stirling, Inc., for last year are as follows: ...

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Accounting

Financial data for Stirling, Inc., for last year are as follows:
Stirling, Inc. Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ 139,000 $ 136,000
Accounts receivable 334,000 478,000
Inventory 563,000 478,000
Plant and equipment, net 874,000 858,000
Investment in Brier Company 405,000 429,000
Land (undeveloped) 246,000 250,000
Total assets $ 2,561,000 $ 2,629,000
Liabilities and Stockholders' Equity
Accounts payable $ 381,000 $ 339,000
Long-term debt 974,000 974,000
Stockholders' equity 1,206,000 1,316,000
Total liabilities and stockholders' equity $ 2,561,000 $ 2,629,000
Stirling, Inc. Income Statement
Sales $ 5,404,000
Operating expenses 4,755,520
Net operating income 648,480
Interest and taxes:
Interest expense $ 130,000
Tax expense 192,000 322,000
Net income $ 326,480
The company paid dividends of $216,480 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the stock of another company.
Required:
1. Compute the company

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