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 $24. All of the company's sales are on account. 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 Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,260 10,900 13,200 $ 1,250 7,700 10,600 770 560 26,130 20,110 10,400 10,400 46,676 39,328 57,076 49,728 $ 83,206 $ 69,838 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity $ 20,400 1,030 110 $ 19,200 820 110 21,540 20,130 8,200 29,740 8,200 28,330 600 600 4,000 4,000 4,600 4,600 48,866 36,908 53,466 41,508 Total liabilities and stockholders' equity $ 83,206 $ 69,838