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 830,000 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 the year was $19.50. All of the company's sales are on account Weller Corporation 6,300 Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 5,078 $ 5,190 Accounts receivable, net 12,600 9,250 Inventory 9,850 8,320 Prepaid expenses 1,830 2,160 Total current assets 29,358 24,920 Property and equipment: Land 6,300 Buildings and equipment, net 19,500 19,300 Total property and equipment 25,800 25,600 Total assets $55,158 $50,520 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 9,800 $ 8,450 Accrued liabilities 850 Notes payable, short term Total current liabilities 10,790 9,630 Long term liabilities: Bonds payable 8,750 8,750 Total liabilities 19,540 18, 380 Stockholders' equity: Common stock 830 830 Additional paid in capital 4,350 4,350 Total paid in capital 5,180 5,180 Retained earnings 30,438 26,960 Total stockholders' equity 35,618 32,140 Total liabilities and stockholders' equity $55,158 $50, 520 660 330 33A