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 1,000,000 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 $0.40. The market value of the company's common stock at the end of the year was $28.00. All of the companys sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: 1,300 1,610 Cash Accounts receivable, net 16,400 9,250 Inventory 10,700 9,000 2,000 2,500 Prepaid expenses Total current assets 30,400 22,360 Property and equipment Land 8,000 8,000 21,200 21,000 Buildings and equipment, net Total property and equipment 29,200 29,000 Total assets $59,600 $51,360 Liabilities and Stockholders' Equity Current liabilities: 11,500 9,300 Accounts payabl Accrued liabilities 1,000 1,700 Notes payable, short term 500 500 Total current liabilities 13,000 11,500 Long-term liabilities: Bonds payable 5,000 5,000 Total liabilities 18,000 16,500 Stockholders' equity Common stock 1,000 1,000 Additional paid-in capital 5,200 5,200 Total paid-in capital 6,200 6,200 Retained earnings 35,400 28,660 Total stockholders' equity 41,600 34,860 Total liabilities and stockholders' equity $59,600 $51,360