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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.25 last year and $0.90 this year. The market value of the company's common stock at the end of the year was $26. 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 $ 1,150 $1,350 7,900 13,800 12,600 570 11,000 770 Total current assets 26,72022,420 Property and equipment Land 9,100 9,100 Buildings and equipment, net 43,181 38,963 52,28148,063 $79,001$70,483 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $19,200 $17,700 700 150 980 150 Total current liabilities Long-term liabilities: 20,33018,550 9,200 29,53027,750 Bonds payable 9,200 Total liabilities Stockholders' equity Common stock Additional paid-in capital 700 4,000 700 4,000 4,700 Total paid-in capital Retained earnings 4,700 44,77138,033 49,471 42,733 $79,001 $70,48:3 Total stockholders' equity Total liabilities and stockholders' equity