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 $28. 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: Land Buildings and equipment, net Total property and equipment Total assets $1,270 $1,220 10,600 6,700 13,000 11,600 670 600 25,540 20,120 10,000 10,000 42,839 39,072 52,839 49,072 $ 78,379 $:69,192 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 19,700 1,080 290 $19,300 840 290 Long-term liabilities: Total current liabilities Bonds payable 21,070 20,430 8,300 8,300 Total liabilities 29,370 28,730 Stockholders equity: Common stock 500 500 Additional paid-in capital 4,000 4,000