Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 $1.00 last year and S0 65 this year. The market value of the company's common stock at the end of the year was $29. 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 $ 1.270 S 1230 9,200 7,900 13,900 11,000 Prepaid expenses 760 670 Total current assets 25,130 20,800 Property and equipment Land 9,500 9,500 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity 45.458 39674 54.95849.174 $80,088 569,974 Current iabilities $18,800 $18,700 260260 20,150 19.810 9,600 9,600 29.750 29410 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonds payable Total liabilties Stockholders' equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 4,600 4,600 Total paid-in capital Retained earnings 45,738 35,964 50,338 40,564 80,088 $69,974 Total stockholders equity Total liabilities and stockholders' equity