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 600,000 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 companys common stock at the end of this year was $22. All of the companys 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 $1,230 9,500 13,600 680 $ 1,330 7,100 10,900 530 25,01019,860_ Total current assets Property and equipment: 10,800 39,308 59,480 50,108 $69,968 Land 10,800 48.680 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Equity Current liabilities: $84,490 $20,100 960 290 21,350 $18,900 700 290 19,890 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: 9,7009700 29,590 31,050 600 4,000 4,600 48,840 600 4,000 4,600 35,778 53,44040,378 $69,968 Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $84,490