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 $30. 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 Total property and equipment Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,100 10,600 $ 1,210 13,400 8,400 12,300 620 610 25,720 22,520 10,300 10,300 46,000 39,720 56,300 50,020 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 82,020 $ 18,900 1,050 280 $ 72,540 $ 18,000 720 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 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales 280 20,230 19,000 10,000 10,000 30,230 29,000 600 600 4,000 4,000 4,600 4,600 47,190 38,940 51,790 43,540 $ 82,020 $ 72,540 This Year Last Year $ 67,000 $ 66,000