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 970,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $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 3,3024,230 9,100 8,880 2,440 24,650 16,100 10,550 1,970 31,922 Total current assets Property and equipment: 7,700 20,900 28,600 $60,522 7,700 20,700 28,400 $53,050 Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $11,200 9,150 1,550 470 11,170 940 470 12,610 Total current liabilities Long-term liabilities: 7,500 7,500 18,670 Bonds payable 20,110181010- Total liabilities Stockholders' equity: Common stock 970 5,050 6,020 34,392261 360 34,380 $53,050 970 5,050 6,020 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 40,412 $60,522