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 600,000 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 $25. All of the company's sales are on account. Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,250 10,500 13,800 770 26,320 $ 1,370 7,100 11,000 560 20,030 9,200 9,200 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: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Sales Cost of goods sold Gross margin Weller Corporation 51,352 60,552 $ 86,872 $ 19,600 1,080 170 20,850 9,700 30,550 45,828 55,028 $ 75,058 $ 19,300 840 170 20,310 9,700 30,010 600 600 4,000 4,000 4,600 4,600 51,722 40,448 56,322 45,048 $ 86,872 $ 75,058 Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 80,960 43,400 37,560 Last Year $ 66,000 32,000 34,000