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 700,000 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 $1.00 last year and $0.65 this year. The market value of the company's common stock at the end of the year was $29. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: 1,280 1,300 Cash Accounts receivable, net 10,300 6,700 Inventory 13,200 11,000 Prepaid expenses 790 630 Total current assets 25,570 19,630 Property and equipment: Land 9,300 9,300 Buildings and equipment, net 49,887 43,826 Total property and equipment 59,187 53,126 Total assets $84,757 $72,756 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $18,900 18,400 Accrued liabilities 1,020 720 Notes payable, short term 140 Total current liabilities 19,920 19,260 Long-term liabilities: Bonds payable 8400 8400