1 Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year eBook Hint Assets Current assets: Cash Accounts receivable, net a Inventory Prepaid expenses. Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets. Liabilities and Stockholders' Equity Current Liabilities: Accounts payable Accrued liabilities: Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total Liabilities: Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation $1,100 10,100 $1,260 6,800 13,000 720 10,700 530 24,920 19,290 10,900 10,900 42,264 38,752 53,164 49,652 $ 78,084 $ 68,942 520,000 $ 18,000 1,020 880 270 270 21,290 19,150 9,800 9,880 31,090 20.950 600 600 4000 4,000 4,600 4,600 42,394 35,392 46,994 $ 78,084 $ 68,942