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 500,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, 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 $27. 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 1,230 7,900 12,500 660 23,930 22,290 9,400 12,600 720 Total current assets Property and equipment: Land 9,300 34,581 54, 802 3, 881 $78,732 $66,171 9,300 45,502 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Equity Current liabilities: Accounts payable $20,000 $17,900 790 160 21,250 18,850 Accrued liabilities 1,090 160 Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities 9,400 30,65028,250 9,400 Stockholders' equity: Common stock 500 4,000 4,5004,500 33,421 500 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,000 43,582 $78,732 48,0823 $66,171