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 960,000 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 $26.00. 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 $ 2,036 $ 3,020 Accounts receivable, net 16,000 9,050 Inventory 10,500 8,840 Prepaid expenses 1,960 2,420 Total current assets 30,496 23, 330 Property and equipment: Land 7,600 7,600 Buildings and equipment, net 20,800 20,600 Total property and equipment 28,400 28,200 Total assets $ 58,896 $ 51, 530 Liabilities and Stockholders. Equity Current liabilities: Accounts payable $ 11, 100 $ 9, 100 Accrued liabilities 920 1,500 Notes payable, short term 460 460 Total current liabilities 12,480 11,060 Long-term liabilities: Bonds payable 6,250 6,250 Total liabilities 18,730 17,310 Stockholders' equity: Common stock 960 960