Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75. The market value of the company's common stock at the end of the year was $24. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets Cash 1,250 1,370 Accounts receivable, net 10,800 8.200 Inventory 13.300 11,200 Prepaid expenses 660 560 Total current assets 26.010 21.330 Property and equipment Land 10,400 10,400 Buildings and equipment, net 50,919 35,552 Total property and equipment 61,319 45.952 Total assets $87,329 $67,282 Liabilities and Stockholders' Equity Current liabilities Accounts payable $19,100 18,800 Accrued liabilities 960 800 Notes payable, short term 100 100 Total current liabilities 20, 160 19.700 Long-term liabilities Bonds payable 8,800 8.800 Total liabilities 28,960 28.500 Stockholders' equity Common stock 600 600 Additional paid-in capital 4.000 4.000 Total paid-in capital 4.600 4.600 Retained earnings 53,769 34,182 Total stockholders' equity 58,369 38,782 Total liabilities and stockholders' equity $87,329 $67,282