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 900,000 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 $23. 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 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities $ 240 15,400 $ 510 10,250 10,200 8,600 1,900 2,300 27,740 21,660 7,000 7,000 20,200 20,000 27,200 27,000 $ 54,940 $ 48,660 $ 10,500 800 400 $ 8,800 1,200 400 11,700 10,400 5,000 5,000 16,700 15,400 900 900 4,700 4,700 5,600 5,600 32,640 27,660 38,240 33,260 Total liabilities and stockholders' equity $ 54,940 $ 48,660 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity 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 900,000 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 $23. 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 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities $ 240 15,400 $ 510 10,250 10,200 8,600 1,900 2,300 27,740 21,660 7,000 7,000 20,200 20,000 27,200 27,000 $ 54,940 $ 48,660 $ 10,500 800 400 $ 8,800 1,200 400 11,700 10,400 5,000 5,000 16,700 15,400 900 900 4,700 4,700 5,600 5,600 32,640 27,660 38,240 33,260 Total liabilities and stockholders' equity $ 54,940 $ 48,660 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity