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 880,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $22.00. 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 Liabilities and Stockholders' Equity Current liabilities: Accounts payable This Year Last Year $ 3,508 $ 4,340 15,200 10,150 10,100 8,520 1,880 2,260 30,688 25,270 6,800 6,800 20,000 19,800 26,800 26,600 $ 57,488 $ 51,870 $ 10,300 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 760 380 $ 8,700 1,100 380 11,440 10,180 8,750 8,750 20,190 18,930 880 880 4,600 4,600 5,480 5,480 31,818 27,460 Total stockholders' equity 37,298 32,940 Total liabilities and stockholders' equity $ 57,488 $ 51,870