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 $600,000$ shares of common stock were outstanding. The interest rate on the bond payoble was $10\%,$ the income tax rate was $40\%,$ and the dividend per shore of common stock was $$0\mathrm{.}75$ lost year and $$0\mathrm{.}40$ this year. The market value of the company's common stock at the end of this year was $$24.$ All of the company's sales ore on account.

Weller corporation

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