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 $23. 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 This Year Last Year $ 1,130 10,800 $ 1,260 12,700 6,600 11,700 770 700 25,400 20,260 10,400 10,400 47,750 40,824 58,150 51,224 Liabilities and Stockholders' Equity Current liabilities: $ 83,550 $ 71,484 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 19,800 910 $ 19,100 720 250 250 20,960 20,070 9,600 30,560 9,600 29,670 500 500 4,000 4,000 4,500 4,500 48,490 37,314 52,990 41,814 $ 83,550 $ 71,484