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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 1 appear below. The company did not issue any new

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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 $27. 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
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
This Year Last Year
\table[[$1,220,$1,240
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