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 500,000 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 $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Last Year Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land $ 1,230 $ 1,320 10,600 7,400 12,700 12,300 620 690 25,150 21,710 10,700 10,700 Buildings and equipment, net 50,766 36,958 61,466 47,658 $ $ Total assets 86,616 69,368 Total property and equipment Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ $ 19,900 18,600 Accrued liabilities Notes payable, short term 910 240 800 240 Total current liabilities 21,050 19,640 Long-term liabilities: Bonds payable 9,200 9,200 Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 30,250 28,840 500 500 4,000 4,000 4,500 4,500 51,866 36,028 56,366 40,528 $ $ 86,616 69,368