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 $20. 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 $ 1,270 9,600 12,900 720 $ 1,400 7,700 10,900 540 24,490 20,540 10,000 10,000 36,270 36,720 46,270 46,720 $ 70,760 $ 67,260 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,400 1,070 0 $ 18,800 820 140 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 20,470 19,760 8,500 8,500 28,970 28,260 2,000 2,000 4,000 4,000 6,000 6,000 35,790 33,000 41,790 39,000 $ 70,760 $ 67,260