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 700,000 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 SO 40 this year. The market value of the company's common stock at the end of the year was $28. 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 $ 1,130 $ 1,280 9,700 8,500 12,900 12,400 Prepaid expenses 620 520 Total current assets 24,350 22,700 Property and equipment Land Buildings and equipment, net 9,2009,200 55,519 38.095 64,719 47.295 $89,069 S69,995 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities $19,800 $17,900 890 210 210 920 Notes payable, short term Total current liabilities Long-term liabilities 20,930 19,000 9,500 9,500 30,430 28,500 Bonds payable Total liabilities Stockholders' equity Common stock Additional paid-in capital 700 700 4,000 4,000 Total paid-in capital Retained earnings 4,700 4,700 53,939 36,795 58,639 41,495 $89,069 $69,995 Total stockholders' equity Total liabilities and stockholders' equity