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 700,000 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) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Buildings and equipment, net Land Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: This Year Last Year $ 1,110 9,800 13,100 620 $ 1,320 8,300 12,200 540 24,630 22,360 10,600 10,600 45,263 35,639 55,863 46,239 $ 80,493 $ 68,599 Accounts payable $ 18,800 $ 18,100 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 990 760 210 19,790 19,070 8,100 8,100 27,890 27,170 2,000 2,000 4,000 4,000 6,000 6,000 46,603 35,429 52,603 41,429 Total liabilities and stockholders' equity $ 80,493 $ 68,599