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 970,000 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 $26.50. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) points This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 3,302 4,230 9,100 8,880 2,440 24,650 16,100 10,550 1,970 eBook Total current assets Property and equipment : References Land 7,700 7,700 20,900 0 700 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Equity Current liabilities: 28,600 28,400 $53,050 $60,522 $11,200 $9,15 Accounts payable Accrued liabilities Notes payable, short term 940 470 12,610 1,550 470 11,170 Total current liabilities Long-term liabilities: Bonds payable 7,500 20,110 7,500 18,670 Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 970 5,050 6,020 28,360 34,380 $60,522 53,050 970 5,050 6,020 34,392 40,412