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 500,000 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 this year was $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) ok This Year Last Year nt Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets $1,160 9,900 12,700 770 24,530 $1,220 7,700 12,400 680 22,000 Property and equipment Print Land 9,300 9,300 Buildings and equipment, net 50,484 37,357 Total property and equipment 59,784 46,657 Total assets 504,314 $68,657 erences Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,600 $17,500 Accrued liabilities 1,040 90 Notes payable, short term 250 250 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital 20,090 19,040 8,800 29,690 8,800 27,040 500 500 4,000 4,000 4,500 4,500 Retained earninge 50,124 36,317 Total stockholders' equity 14,424 40,017 Total liabilities and stockholders' equity 04,314 $68,657 Weller Corporation