Check m 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 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, ar e 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 $29. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: This Year Last Year $1,260 9,900 $ 1,320 13,000 7,000 10,700 770 540 24,930 19,560 Land Buildings and equipment, net Total property and equipment Total assets Current liabilities: Accounts payable 9,600 9,600 48,565 39,150 58,165 48,750 $ 83,095 $ 68,310 Liabilities and Stockholders' Equity Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable $ 19,100 $18,800 990 890 230 230 20,320 19,920 10,000 10,000 30,320 29,920 Total liabilities Stockholders' equity: 600 600 Common stock 4,000 4,000 Additional paid-in capital 4,600 4,600 Total paid-in capital 48,175 33,790 Retained earnings Next >