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 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: Land $ 1,260 10,900 $1,300 13,700 790 7,600 10,900 620 26,650 20,500 10,200 10,200 Buildings and equipment, net 40,754 40,292 Total property and equipment 50,954 50,492 Total assets $ 77,604 $ 70,992 Liabilities and Stockholders' Equity Current liabilities:: Accounts payable $ 19,600 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 Total liabilities and stockholders' equity $19,400 1,090 830 300 300 20,990 20,530 9,300 30.290 9,300 29,810 600 600 4,000 4,000 4,000 4.600 42,714 36,582 47,314 $ 77,604 41,142 $ 70,992 A