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 $28. 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 $ 1,230 9,700 13,200 710 $ 1,290 6,500 10,900 500 24,840 19,190 10,300 10,300 43,318 40,328 53,618 50,628 $ 78,458 $ 69,818 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 21,440 9,700 31,140 $ 20,300 990 $ 19,200 860 150 150 20,210 9,700 29,910 600 600 4,000 4,000 4,600 4,600 42,718 35,308 47,318 39,908 $ 78,458 $ 69,818