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 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 $24. 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 Inventory Prepaid expenses Total current assets Property and equipment: $1,110 $1,320 10,000 13,900 760 25,770 7,300 10,700 700 20,020 Land 9,200 9,200 Buildings and equipment, net 49,086 44,348 Total property and equipment 58,286 53,540 Total assets $ 84,056 $23,568 Liabilities and Stockholders' Equity Current liabilitiesi Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term 11abilities: Bonds payable Total liabilities Stockholders' equity Common stock $ 20,200 $19,200 980 010 230 230 21.410 20,240 9,200 30,610 9/200 29,440 600 600 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity 4,000 4,000 4,600 4,600 48,046 39,526 55,446 44,128 Total liabilities and stockholders' equity $64,056 $ 73,500