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 $26. 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 Bonds payable This Year Last Year $ 1,150 9,700 12,600 $ 1,280 8,300 12,300 690 530 24,140 22,410 9,100 9,100 42,824 36,162 51,924 45,262 $ 76,064 $ 67,672 $ 18,600 $ 18,400 1,030 770 180 180 19,810 19,350 Long-term Liabilities: 9,300 9,300 Total liabilities. 29,110 28,650 Stockholders' equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 42,354 34,422 1 of 5 Next >