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 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 $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 Inventory Prepaid expenses 1,130 1,240 7,300 10,600 600 19,740 9,900 13,100 630 Total current assets 24,760 Property and equipment: 9,300 39,663 48,963 $81,057 68,703 9,300 46,997 SS 56,2971630- Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Equity Current liabilities: $18,800 17,400 Accounts payable Accrued liabilities Notes payable, short term 940 290 20,030 290 18,520 Total current liabilities Long-term liabilities: 9,200 29,230 9,200 27,720 Bonds payable Total liabilities Stockholders' equity: Common stock 700 700 Additional paid-in capital Total paid-in capital Retained earnings Total stockholdersequity Total liabilities and stockholders' equity 11000 4,000 4,700 36,283 40,983 $68,703 4,700 47,127 51,827 1 $81,057