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 dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $26. 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 $ 1,210 1,320 8,300 13,400 11,400 610 9,900 740 Total current assets 25,250 21,630 Property and equipment: Land 10,700 10,700 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity 44,774 41,992 55,474 52,692 $80,724 $74,322 Current liabilities Accounts payable Accrued liabilities $18,500 $18,800 810 260 980 Notes payable, short term Total current liabilities Long-term liabilities Bonds payable 19,480 19,870 8,800 28,280 28,670 8,800 Total liabilities Stockholders' equity: Common stock Additional paid-in capital 2,000 4,000 2,000 4,000 Total paid-in capital Retained earnings 6,000 6,000 46,444 39,652 52,444 45,652 $80,724 $74,322 Total stockholders' equity Total liabilities and stockholders' equity