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 910,000 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 $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: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities: This Year Last Year $ 1,506 $1,720 15,500 10,300 10,250 8,640 1,910 2,320 29,166 22,980 7,100 7,100 20,300 20,100 27,400 27,200 $ 56,566 $50,100 $10,600 $8,850 Notes payable, short term 820 410 1,250 410 Total current liabilities Long-term liabilities: Bonds payable 11,830 10,510 6,250 6,250 Total liabilities 18,080 16,760 Stockholders equity: Common stock 910 910 Additional paid-in capital 4,750 4,750 Total paid-in capital 5,660 5,660 Retained earnings 32,826 27,760