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 820,000 shares of common stock were outstanding. The Interest rate on the bond payable was 12%, 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 this year was $19.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable This Year Last Year $ 3,812 $ 3,980 12,500 9,200 9,800 8,280 1,820 2,140 27,932 23,600 6,200 6,200 19,400 19,200 25,600 25,400 $ 53,532 $ 49,000 $ 9,700 640 320 $ 8,400 800 320 10,660 9,520 7,500 7,500 Total liabilities 18,160 17,020 Stockholders' equity: Common stock 820 820 Additional paid-in capital 4,300 4,300 Total paid-in capital 5,120 5,120 Retained earnings 30,252 26,860