Chapter 15 HW pol 5 Help Submit 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 830.000 shares of common stock wore 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 $19.50 All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) Check my work This Year Last Year Book Hint Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets 15,078 $5,190 12,000 9,250 9,850 8,320 1,838 3,100 29,358 24,928 Property and equipment Land 6,308 6,388 buildings and equipment, net 19,500 19,300 Pin Total property and equipment 25,800 25,00 Refe Total assets $55,158 $50,520 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $9,000 $ 8,450 Accrued Liabilities 660 858 Notes payable, short term 330 Total current liabilities 10,790 338 9,638 Long-term Liabilities: Bonds payable Total Liabilities Stockholders equity: Common stock 8,750 19,540 8,750 838 Additional paid-in capital 4,350 10, 300 838 4,35 Total paid-in capital 5,180 5,180 Retained earnings 30,438 26,960 Total stockholders' equity 35,618 32,140 Total liabilities and stockholders' equity $55,158 $50,520