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 890,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 12%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $22. 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 Accounts receivable, net Inventory Prepaid expenses 4,774 5,550 10,200 8,560 1,890_2,280 32,11426,590 15,300 10,150 Total current assets Property and equipment: 6,900 20,100 _19,900 27,00026,800 $53,390 Land 6,900 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: $59,114 Accounts payable Accrued liabilities Notes payable, short term $10,400 8,750 1,150 390 10,290 780 390 11,570 Total current liabilities Long-term liabilities: -10.000 10,000 21,57020,290 Bonds payable Total liabilities Stockholders' equity