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 850,000 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 $20. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet Assets (dollars in thousands) This Last Year Year Current assets: Cash $ 1,810 Accounts receivable, net Inventory 12,800 $ 710 10,000 Prepaid expenses 9,950 8,400 1,850 2,200 Total current assets 26,410 21,310 Property and equipment: Land 6,500 6,500 Buildings and equipment, net 19,700 19,500 Total property and equipment 26,200 26,000 $ $ Total assets 52,610 47,310 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ $ 8,550 10,000 Accrued liabilities 700 950 Notes payable, short term 350 350 Total current liabilities 11,050 9,850 Long-term liabilities: Bonds payable 5,000 5,000 Total liabilities 16,050 14,850 Common stock Total paid-in capital Retained earnings Stockholders' equity: Additional paid-in capital Total stockholders' equity Total liabilities and stockholders' equity 850 850 4,450 4,450 5,300 5,300 31,260 27,160 36,560 32,460 $ 52,610 $ 47,310