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. 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 $ 1,180 10,300 $1,300 12,300 7,100 12,500 780 540 24,560 21,440 Property and equipment: Land 9,600 9,600 Buildings and equipment, net 47,448 39,194 Total property and equipment 57,048 48,794 Total assets $81,608 $70,234 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $18,800 $17,500 Accrued liabilities 980 740 Notes payable, short term 100 100 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock 19,880 18,340 8,100 27,980 8,100 26,440 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings Total stockholders' equity 49,028 39,194 53,628 43,794 Total liabilities and stockholders' equity $81,608 $70,234