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 $24. 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) Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable This Year Last Year $ 1,130 10,900 13,700 730 26,460 $ 1,350 7,200 10,800 620 19,970 9,500 9,500 42,125 51,625 $ 78,085 $ 18,800 Accrued liabilities Total current liabilities Long-term liabilities: Bonds payable Total liabilities 920 Notes payable, short term 160 19,880 8,300 28,180 Stockholders' equity: Common stock 700 Additional paid-in capital 4,000 37,147 46,647 $ 66,617 $ 18,400 720 160 19,280 8,300 27,580 700 4,000