4 1 points Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below The company did not issue any new common stock during the year. A total of 960,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) eBook H References Assets Current assets: Cash Accounts receivable, net 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 This Year Last Year, $ 2,036 $3,020 16,000 9,050 10,500 8,840 1,960 2,420 30,496 23,330 7,600 7,600 20,800 20,600 28,400 28,200 $ 58,896 $51,530 $11,100 920 460 12,4801 $ 9,100 1,500 460 11,066 6,250 18,730 6,258 17,316 960 960 5,000 5,000 5,960 34,206 5,960 20,260 40,166 34,220 $ 58,896 $ 51,538 Comparative Income Statenent and Reconciliation Weller Corporation (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses. Selling expenses This Years $ 95,000 60,000 35,000 10,100 can Last Year $ 90,000 56,000 34,000 9,600 Retained earnings Total stockholders' equity Total Liabilities and stockholders equity 34,206 40,166 $ 58,896 Comparative Income Statement and Reconciliation Weller Corporation) (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses) Selling expenses Administrative expenses Total selling and administrative expenses Net operating incone Interest expense Net incone before taxes Income taxes Net incone Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data for this year 28,260 34,220 $ 51,530 This Year $ 95,000 Last Year $ 90,000 60,000 56,000 35,000 34,000 10,100 9,600 13,600 12,600 23,700 22,200 11,300 11,000 750 750 10,550 4.220 6,330 11,050 550 4,420 6,630 384 760 5,946 20,260 5,662 22,390 $34,206 $20,260