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 $20. 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 Stockholders' equity: $ 1,170 9,700 13,600 700 $ 1,230 7,500 11,600 590 25,170 20,920 10,600 10,600 45,264 39,392 55,864 49,992 $ 81,034 $ 70,912 $ 20,000 $ 17,500 1,080 0 21,080 820 110 18,430 9,800 9,800 30,880 28,230 2,000 2,000 4,000 4,000 6,000 6,000 44,154 36,682 50,154 42,682 Total liabilities and stockholders' equity $ 81,034 $ 70,912 Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity