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 $25. 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 9,500 13,400 680 1,220 1,220 6,700 11,900 580 20,400 Total current assets 24,800 Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Equity Current liabilities: 9,400 41,657 51,057 $75,259 71,457 9,400 41,059 50,459 Accounts payable Accrued liabilities Notes payable, short term $19,000 19,200 830 140 20,170 1,040 Total current liabilities Long-term liabilities: 20,040 Bonds payable Total liabilities 9,800 29,840 9,800 29,970 Stockholders' equity: Common stock 2,000 2,000 4,0000 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,000 6,000 35,487 41,487 $75,259 71,457 6,000 39,419 45,419