Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 $.75. The market value of the company's common stock at the end of the year was $22. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: 1,270 1,390 Cash Accounts receivable, net 10,100 6,700 Inventory 13,700 11,200 Prepaid expenses 720 640 Total current assets 25,790 19,930 Property and equipment Land 10,800 10,800 Buildings and equipment, net 47,914 42,902 Total property and equipment 58,714 53,702 Total assets $84,504 $73,632 Liabilities and Stockholders' Equity Current liabilities: $19,000 18,900 Accounts payabl Accrued liabilities 920 770 Notes payable, short term 190 Total current liabilities 19,920 19,860 Long-term liabilities Bonds payable 9,300 9,300 Total liabilities 29,220 29,160 Stockholders' equity Common stock 2,000 2,000 Additional paid-in capital 4,000 4,000 Total paid-in capital 6,000 6,000 49,284 38,472 Retained earnings Total stockholders' equity 55,284 44,472 Total liabilities and stockholders' equity $84,504 $73,632