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 last year and $0.40 this year. 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 Current assets: 1,090 1,290 9,600 2,900 10,800 Accounts receivable, net 7,500 Prepaid expenses Total current assets 24,390 20,180 Property and equipment Land Buildings and equipment, net 9,700 9,700 44.458 38,954 54,158 48,654 $78,548 $68,834 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities $20,100 $17,600 790 990 Accnued u payable Notes payable, short term Total current iabilities Long-term liabilities: Bonds payable 21,320 18,620 9,600 30,920 28,220 9,600 Total liabilities Stockholders' equity Common stock 600 600 4.000 Additional paid-in capital 4.000 4,600 4,600 Total paid-in capital Retained earnings 43,028 36,014 47.628 40,614 $78,548 $68,834 Total stockholders' equity Total liabilities and stockholders' equity