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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the d end per share of common stock as SO 4 this year. The market value of the company's common stock at the end of the year was $25. All of the company's sales are on account Corpor Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 1,080 1,320 9,500 6,700 12,900 12,300 580 770 Total current assets 24.250 20,900 Property and equipment Land 9,600 9,600 45.55240,816 Buildings and equipment, net Total property and equipment Total assets 55,152 50,416 $79.402 $71,316 Liabilities and Stockholders Equity Current liabilities $18,600 $ 18.600 Accounts payable Accrued liabilities Notes payable, short term 760 1,000 230 Total current liabilities Long-term liabilities: 19,600 19,590 Bonds payable 8.4008400 Total liabilities 28,000 27.990 Stockholders' equity 2000 2,000 4,0004.000 6,000 6000 45402 37.326 51 402 43.326 $79402 $71.316 Common stock Additional paid-in capital Total paid-in capital Retained earnings Total liabities and stockholders' equity Weller Corporation Comparative income Statement and Reconciliation dollars in thousands