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 840,000 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 (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Buildings and equipment, net Land Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: $ 6,344 $ 6,400 12,700 9,300 9,900 8,360 1,840 2,180 30,784 26,240 6,400 6,400 19,600 26,000 19,400 25,800 $ 56,784 $ 52,040 Accounts payable. $ 9,900 $8,500 Accrued liabilities Notes payable, short term: Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock 600 900 340 340 10,920 9.740 10,000 20,000 20,920 19,740 340 840 Additional paid-in capital 4,406 4,400 Total paid-in capital 5,240 5,240 Retained earnings 30,624 27,060 Total stockholders' equity 35,864 52,300 Total liabilities and stockholders' equity: 56,784 $52,040