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 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 so.40 this year. The market value of the companys common stock at the end of the year was $30. 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 $ 1210 1,370 9,400 8,400 12,200 11,700 650 Prepaid expenses 710 Total current assets 23,520 22,120 Property and equipment: Land Buildings and equipment, net 10,900 10,000 47,738 35,296 Total property and equipment 58,638 46,196 Total assets $82,158 $68,316 Llabilities and Stocekholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $18,600 $17 400 850 110 1,060 Total current liabilities Long-term liabilities: 19,77018,360 8,900 8,900 28,67027,260 Bonds payable Total liabilities Stockholders' equity Common stock Additional paid-in capital 600 600 4,000 4,000 Total paid-in capital Retained earnings 4,600 4,600 48,888 36,456 53,48841,056 $82,158 $68,316 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold This Year Last Year $80,930 $66,000 40,630 39,000