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 810,000 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 the year was $18.50. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: 2,546 2,770 Cash 12,400 Accounts receivable, net 9,150 9,750 8,240 Inventory Prepaid expenses 1,810 2,120 Total current assets 26,506 22,280 Property and equipment Land 6,100 6,100 Buildings and equipment, net 19,300 19.100 Total property and equipment 25,400 25,200 Total assets $51,906 $47,480 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 9,600 8,350 620 Accrued liabilities 750 Notes payable, short term 310 310 10,530 Total current liabilities 9,410 Long-term liabilities 6,250 6,250 Bonds payable Total liabilities 16,780 15,660