4 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 990,000 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 $28. All of the company's sales are on account. 2 points eBook Assets Hint Print References Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 5,834 16,300 $ 6,650 9,200 10,650 8,960 1,990 2,480 34,774 27,290 7,900 7,900 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 21,100 29,000 $ 63,774 $ 11,400 980 490 20,900 28,800 $ 56,090 $ 9,250 1,650 490 12,870 11,390 10,000 10,000 22,870 21,390 990 990 5,150 5,150 6,140 6,140 34,764 40,904 $ 63,774 28,560 34,700 $ 56,090 Check my work