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 800,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $18. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable This Year Last Year $ 1,280 $ 1,560 12,300 9,100 9,700 8,200 1,800. 2,100 25,080 20,960 6,000 6,000 19,200 25,200 $ 50,280 $ 45,960 19,000 25,000 $ 9,500 $ 8,300 600 300 700 300 10,400 9,300 5,000 5,000 Total liabilities 15,400 14,300 Stockholders' equity Common stock 800 800 Additional paid-in capital 4,200 4,200 Total paid-in capital 5,000 5,000 Retained earnings 29,880 26,660