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 $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assots Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets This Year Last Year $1,150 9,400 13,300 $ 1,340 8,300 12,000 640 560 24,490 22,200 Property and equipment: Land 10,700 10,700 Buildings and equipment, net 46,616 36,737 Total property and equipment 57,316 47,437 Total assets 581,006 $69,637 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $18,800 $17,900 Accrued liabilities 970 770 Notes payable, short term 150 150 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 19,920 10,820 ,300 28,220 8,300 27,120 700 700 4,000 4,000 4,700 48,886 4,700 37,017 $3,586 42,517 $ 91,806 $ 69,637