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 970,000 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 $26.50. 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 This Year Last Year $3,302 $4,200 16,100 9,100 10,550 8,880 1,970 2,440 31,922 24,650 7,700 7,700 20,900 28,600 $ 53,050 20,700 28,400 $ 60,522 $ 11,200 940 $9,150 1,550) 470 Total current liabilities Long-term liabilities:) Bonds payable 470 12,610 11,170 7,500 Total liabilities 20,110 7,500 18,670 Stockholders' equity: Common stock 970 970 Additional paid-in capital + 5,050 5,050 Total paid-in capital 6,020 6,020 Retained earnings 34,392 28,360 Total stockholders' equity 40,412 34,380